Radcom Ltd reports results for the quarter ended in December - Earnings Summary

Radcom

31/01/2024 14:31

* Radcom Ltd  RDCM.OQ  reported quarterly adjusted earnings
of 25
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 9
cents.  The mean expectation of two analysts for the quarter was
for earnings of 16 cents per share. Wall Street expected
results to range from 14 cents to 17 cents per share.
    * Revenue rose 14% to $14.01 million from a year ago;
analysts
expected $13.55 million. 
    * Radcom Ltd's reported EPS for the quarter was 17 cents​.
    * The company reported quarterly net income of $2.59
million.
    * Radcom Ltd shares had risen by 19.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 47.6%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Radcom Ltd
is
$14.00 

This summary was machine generated from LSEG data January 31 at
02:31 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      0.16           0.25           Beat
 Sep. 30 2023      0.09           0.15           Beat
 Jun. 30 2023      0.05           0.13           Beat
 Mar. 31 2023      0.03           0.12           Beat