Socket Mobile Inc reports results for the quarter ended in December - Earnings Summary

Socket Mobile

05/03/2024 23:29

* Socket Mobile Inc  SCKT.OQ  reported quarterly adjusted
earnings
of 8 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -2 cents.  The lone analyst forecast for the quarter was
for a loss of 6 cents per share. 
    * Revenue fell 14.9% to $4.40 million from a year ago;
analysts
expected $4.91 million. 
    * Socket Mobile Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $912
thousand.
    * Socket Mobile Inc shares had fallen by 8.6% 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 electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Socket Mobile Inc
is $1.50 
This summary was machine generated from LSEG data March 5 at
11:28 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
 Dec. 31 2023      -0.06          0.08           Beat
 Sep. 30 2023      -0.07          -0.16          Missed
 Jun. 30 2023      -0.11          -0.06          Beat
 Mar. 31 2023      -0.01          -0.12          Missed