Comtech Telecommunications Corp expected to post a loss of 16 cents a share - Earnings Preview

Reuters
2024-12-13

* Comtech Telecommunications Corp is expected to show a fall in quarterly revenue when it reports results on December 16 (estimated) for the period ending October 31 2024

* The Chandler Arizona-based company is expected to report a 17.4% decrease in revenue to $125.525 million from $151.91 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.The company's guidance on October 31 2024, for the period ended October 31, was for revenue of $126.191 million.

* ​LSEG's mean analyst estimate for Comtech Telecommunications Corp is for a loss of 16 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 Comtech Telecommunications Corp is $8.00​, above​ its last closing price of $3.46. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jul. 31 2024 0.06 -0.35 Missed -683.3

Apr. 30 2024 0.03 0.08 0.20 Beat 150

Jan. 31 2024 0.18 0.22 -0.15 Missed -168.2

Oct. 31 2023 0.25 0.26 0.24 Missed -7.7

​​Jul. 0.17 0.29 Beat 74

31 2023

Apr. 30 2023 0.14 0.15 0.11 Missed -24.1​

Jan. 31 2023 -0.09 -0.09 -0.23 Missed -167.4

Oct. 31 2022 -0.07 -0.10 -0.46 Missed -355.4

This summary was machine generated December 13 at 11:01 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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