LSI Industries Inc reports results for the quarter ended September 30 - Earnings Summary

LSI Industries

08/11/2024 16:32

* LSI Industries Inc  LYTS.OQ  reported quarterly adjusted
earnings of 26 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 29 cents.  The mean expectation of
three analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 22 cents to 23
cents per share.
    * Revenue rose 11.9% to $138.10 million from a year ago;
analysts
expected $134.86 million. 
    * LSI Industries Inc's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $6.7 million.
    * LSI Industries Inc shares had risen by 18.4% this
quarter and
gained 35.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.1%
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 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 8 at
04:32 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
 Sep. 30 2024      0.23           0.26           Beat
 Jun. 30 2024      0.23           0.24           Beat
 Mar. 31 2024      0.16           0.21           Beat
 Dec. 31 2023      0.18           0.21           Beat