LightPath Technologies Inc reports results for the quarter ended in January 1 - Earnings Summary

LightPath Technologies

08/11/2024 05:01

* LightPath Technologies Inc  LPTH.OQ  reported a quarterly
adjusted loss of 4 cents​​ per share for the quarter ended
January 1, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for a loss of 5
cents per share. Wall Street expected results to range from -6
cents to -4 cents per share.
    * Revenue rose 4% to $8.40 million from a year ago; analysts
expected $8.33 million. 
    * The company reported a quarterly loss of $1.62 million.
    * LightPath Technologies Inc shares had risen by 16.8% this
quarter and gained 27.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25%
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 November 8 at
05:01 a.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
 Sep. 30 2024      -0.05          -0.04          Beat
 Jun. 30 2024      -0.05          -0.06          Missed
 Mar. 31 2024      -0.04          -0.07          Missed
 Dec. 31 2023      -0.04          -0.05          Missed