LightPath Technologies Inc expected to post a loss of 4 cents a share - Earnings Preview

LightPath Technologies

08/05/2024 03:01

* LightPath Technologies Inc  LPTH.OQ   LPTH.O  is expected
to show a rise in quarterly revenue when it reports  results on
May 9 for the period ending March 31 2024
    * The Orlando Florida-based  company is expected to report a
7.7% increase in revenue to $7.98 million from $7.41 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for LightPath Technologies
Inc is
for a loss of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for LightPath
Technologies Inc is $3.00​, above​ its last closing price
of $1.34. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.04       -0.04      -0.05     Missed  -25
 Jan. 1 0001   -0.03       -0.03      -0.04     Missed  -33.3
 Jun. 30 2023  -0.01       -0.01      -0.02     Missed  -100​
 Mar. 31 2023  -0.04       -0.03      -0.03     Met     14.3
 ​​Dec.        -0.05       -0.05      -0.03     Beat    40
 31 2022                                                
 Sep. 30 2022              0.01       -0.05     Missed  -600​
 Jan. 1 0001   -0.02       -0.02      -0.05     Missed  -150
 Mar. 31 2022  -0.03       -0.03      -0.02     Beat    33.3
 This summary was machine generated May 8 at 02:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)