LightPath Technologies Inc reports results for the quarter ended in December - Earnings Summary

LightPath Technologies

08/02/2024 22:02

* LightPath Technologies Inc  LPTH.OQ  reported a quarterly
adjusted loss of 5 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of -3 cents.  The mean expectation of
four analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -5 cents to -3
cents per share.
    * Revenue fell 13.7% to $7.32 million from a year ago;
analysts
expected $7.62 million. 
    * LightPath Technologies Inc's reported EPS for the quarter
was a
loss of 5 cents​.
    * The company reported a quarterly loss of $1.71 million.
    * LightPath Technologies Inc shares had risen by 24.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 71.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the office
equipment
peer group is also "buy"

Wall Street's median 12-month price target for LightPath
Technologies Inc is $3.00 
This summary was machine generated from LSEG data February 8 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.04          -0.05          Missed
 Sep. 30 2023      -0.03          -0.04          Missed
 Jun. 30 2023      -0.01          -0.02          Missed
 Mar. 31 2023      -0.03          -0.03          Met