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

LSI Industries

02/11/2023 13:31

* LSI Industries Inc  LYTS.OQ  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 25 cents.  The mean expectation of
three analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 24 cents to 25
cents per share.
    * Revenue fell 2.9% to $123.44 million from a year ago;
analysts
expected $122.39 million. 
    * LSI Industries Inc's reported EPS for the quarter was 27
cents​.
    * The company reported quarterly net income of $8.03
million.
    * LSI Industries Inc shares had fallen by 6.6% this
quarter and
gained 21.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.6%
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 November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.24           0.29           Beat
 Jun. 30 2023      0.18           0.30           Beat
 Mar. 31 2023      0.14           0.19           Beat
 Dec. 31 2022      0.18           0.26           Beat