Cambium Networks Corp expected to post a loss of 17 cents a share - Earnings Preview

Reuters
2024-10-30

* Cambium Networks Corp is expected to show a rise in quarterly revenue when it reports results on November 7 for the period ending September 30 2024

* The Rolling Meadows Illinois-based company is expected to report a 5.3% increase in revenue to $45.311 million from $43.05 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on August 8 2024, for the period ended September 30, was for revenue between $43.00 million and $48.00 million.

* ​LSEG's mean analyst estimate for Cambium Networks Corp is for a loss of 17 cents per share. The company's EPS guidance on August 8 2024, for the period ended September 30, was between $-0.19 and $-0.14

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Cambium Networks Corp is $4.00​, above​ its last closing price of $1.22. ​​​

The company's guidance on August 8 2024 for the period ended September 30 was for Earnings before Interest and Taxes between USD-5.6 million and USD-3.6 million.The company's guidance on August 8 2024 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of between 43 million and -2.4 million $(USD)$.The company's guidance on August 8 2024 for the period ended September 30 was for Capital Expenditures between USD2 million and USD3 million.The company's guidance on August 8 2024 for the period ended September 30 was for gross profit margin between USD41.5% and USD43.5%. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 -0.21 -0.21 -0.25 Missed -17.9

Mar. 31 2024 -0.23 -0.23 -0.46 Missed -95.7

Dec. 31 2023 -0.42 -0.39 -0.95 Missed -144.5

Sep. 30 2023 -0.12 -0.09 -0.44 Missed -410.8

​​Jun. 0.22 0.21 0.03 Missed -86

30 2023

Mar. 31 2023 0.20 0.20 0.24 Beat 22​

Dec. 31 2022 0.25 0.25 0.36 Beat 41.6

Sep. 30 2022 0.19 0.19 0.40 Beat 113.7

This summary was machine generated October 29 at 21:06 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)

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