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

LightPath Technologies

09/05/2024 22:22

* LightPath Technologies Inc  LPTH.OQ  reported a quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
January, 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 rose 3.9% to $7.70 million from a year ago;
analysts
expected $7.98 million. 
    * The company reported a quarterly loss of $2.6 million.
    * LightPath Technologies Inc shares had risen by 0.7% this
quarter and gained 10.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.1%
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 May 9 at 09:22
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
 Mar. 31 2024      -0.04          -0.07          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