Richardson Electronics Ltd expected to post a loss of 2 cents a share - Earnings Preview

Richardson Electronics

15/07/2024 12:10

* Richardson Electronics Ltd  RELL.OQ   RELL.O  is expected
to show a fall in quarterly revenue when it reports  results on
July 17 (estimated) for the period ending May 31 2024
    * The Lafox Illinois-based  company is expected to report a
13.3% decrease in revenue to $51.01 million from $58.83 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Richardson Electronics
Ltd is
for a loss of 2 cents per share. 
    * The one available analyst rating on the shares is "buy".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Richardson
Electronics Ltd is $13.00​, above​ its last closing price
of $12.21. ​​​

This summary was machine generated July 15 at 11:10 GMT.  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)