RF Industries Ltd reports results for the quarter ended in April - Earnings Summary

RF Industries

14/06/2024 07:01

* RF Industries Ltd  RFIL.OQ  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in April, lower than
the same quarter last year, when the company reported EPS of 13
cents.  The lone analyst forecast for the quarter was for a loss
of 2 cents per share. 
    * Revenue fell 27.8% to $16.11 million from a year ago;
analysts
expected $16.28 million. 
    * RF Industries Ltd's reported EPS for the quarter was a
loss
of 41 cents​.
    * The company reported a quarterly loss of $4.29 million.
    * RF Industries Ltd shares had risen by 3.2% this
quarter and
gained 5.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 183.3% 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for RF Industries Ltd
is $4.25 
This summary was machine generated from LSEG data June 14 at
06:01 a.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
 Apr. 30 2024      -0.02          0.01           Beat
 Jan. 31 2024      -0.06          -0.06          Met
 Oct. 31 2023      -0.04          -0.01          Beat
 Jul. 31 2023      0.08           -0.08          Missed