Richardson Electronics Ltd reports results for the quarter ended August 31 - Earnings Summary
Richardson Electronics Ltd reports results for the quarter ended August 31 - Earnings Summary
Richardson Electronics Ltd RELL.OQ reported quarterly adjusted earnings of 27 cents per share for the quarter ended August 31, 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 9 cents per share.
Revenue rose 18.9% to $64.92 million from a year ago; analysts expected $58.99 million.
Richardson Electronics Ltd's reported EPS for the quarter was 27 cents.
The company reported quarterly net income of $4.06 million.
Richardson Electronics Ltd shares had risen by 7.4% this quarter and gained 75.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 10% 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 electronic equipment & parts peer group is also "buy"
Wall Street's median 12-month price target for Richardson Electronics Ltd is $20.50, about 2.4% above its last closing price of $20.00
This summary was machine generated from LSEG data October 7 at 10:01 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 |
Aug. 31 2026 | 0.09 | 0.27 | Beat |
May. 31 2026 | 0.07 | 0.25 | Beat |
Feb. 28 2026 | 0.05 | 0.07 | Beat |
Nov. 30 2025 | -0.01 | -0.01 | Met |
Recent news on Richardson Electronics
See all newsBrief: ComEd, Richardson Electronics Plan to Install Illinois’ Largest Commercial Battery Energy Storage System
Richardson Electronics Ltd reports results for the quarter ended August 31 - Earnings Summary
Richardson Electronics Q1 net sales rise as PMT, GES demand grows
Brief: Richardson Electronics Q1 Net Income USD 4.059 Million
Richardson Electronics Ltd expected to post earnings of 9 cents a share - Earnings Preview