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

RF Industries

18/03/2024 21:57

* RF Industries Ltd  RFIL.OQ  reported a quarterly adjusted
loss
of 6 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported
breakeven earnings per share.  The lone analyst forecast for the
quarter was for a loss of 6 cents per share. 
    * Revenue fell 26.6% to $13.46 million from a year ago;
analysts
expected $14.49 million. 
    * RF Industries Ltd's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $1.36 million.
    * RF Industries Ltd shares had risen by 1.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 209.1% 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 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 March 18 at
09:56 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
 Jan. 31 2024      -0.06          -0.06          Met
 Oct. 31 2023      -0.04          -0.01          Beat
 Jul. 31 2023      0.08           -0.08          Missed
 Apr. 30 2023      0.03           0.13           Beat