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

Radcom

07/08/2024 15:22

* Radcom Ltd  RDCM.OQ  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of two analysts for the quarter was
for earnings of 15 cents per share.  15 cents per share.
    * Revenue rose 19.6% to $14.80 million from a year ago;
analysts
expected $14.11 million. 
    * Radcom Ltd's reported EPS for the quarter was 11 cents​.
    * The company reported quarterly net income of $1.71
million.
    * Radcom Ltd shares had risen by 1.6% this quarter and
gained 17.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
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." 
    * The average consensus recommendation for the computer
hardware
peer group is  "buy."

Wall Street's median 12-month price target for Radcom Ltd is
$14.00 
This summary was machine generated from LSEG data August 7 at
02:21 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
 Jun. 30 2024      0.15           0.20           Beat
 Mar. 31 2024      0.17           0.18           Beat
 Dec. 31 2023      0.16           0.25           Beat
 Sep. 30 2023      0.09           0.15           Beat