LSI Industries Inc reports results for the quarter ended in December - Earnings Summary

LSI Industries

25/01/2024 14:32

* LSI Industries Inc  LYTS.OQ  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
three analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 16 cents to 19
cents per share.
    * Revenue fell 15.4% to $109.01 million from a year ago;
analysts
expected $114.67 million. 
    * LSI Industries Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $5.91
million.
    * LSI Industries Inc shares had fallen by 2.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.8%
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 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for LSI Industries
Inc is $20.00 
This summary was machine generated from LSEG data January 25 at
02:30 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      0.18           0.21           Beat
 Sep. 30 2023      0.24           0.29           Beat
 Jun. 30 2023      0.18           0.30           Beat
 Mar. 31 2023      0.14           0.19           Beat