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

RF Industries

24/01/2024 05:49

* RF Industries Ltd  RFIL.OQ  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in October, lower
than the same quarter last year, when the company reported EPS
of 15 cents.  The lone analyst forecast for the quarter was
for a loss of 4 cents per share. 
    * Revenue fell 30.9% to $15.87 million from a year ago;
analysts
expected $16.71 million. 
    * RF Industries Ltd's reported EPS for the quarter was a
loss of 8
cents​.
    * The company reported a quarterly loss of $851 thousand.
    * RF Industries Ltd shares had fallen by 1.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 January 24 at
05:49 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
 Oct. 31 2023      -0.04          -0.01          Beat
 Jul. 31 2023      0.08           -0.08          Missed
 Apr. 30 2023      0.03           0.13           Beat
 Jan. 31 2023      0.10           0.00           Missed