Lantronix Inc expected to post earnings of 3 cents a share - Earnings Preview

Reuters
02-05
Lantronix Inc <ltrx.oq> expected to post earnings of 3 cents a share - Earnings Preview </ltrx.oq>
  • Lantronix Inc LTRX.OQ LTRX.O is expected to show a fall in quarterly revenue when it reports results on February 6 for the period ending December 31 2024

  • The Irvine California-based company is expected to report a 16.2% decrease in revenue to $31.036 million from $37.04 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on November 7 2024, for the period ended December 31, was for revenue between $29.00 million and $33.00 million.

  • ​LSEG's mean analyst estimate for Lantronix Inc is for earnings of 3 cents per share. The company's EPS guidance on November 7 2024, for the period ended December 31, was between $0.01 and $0.05

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "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 Lantronix Inc is $5.50​, above​ its last closing price of $3.76. ​​​

The company's guidance on November 7 2024 for the period ended December 31 was for gross profit margin between USD41% and USD43%.

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

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Sep. 30 2024

0.09

0.09

0.06

Missed

-31.8

Jun. 30 2024

0.15

0.15

0.15

Met

-2.6

Mar. 31 2024

0.10

0.10

0.11

Beat

12.2​

Dec. 31 2023

0.08

0.08

0.08

Met

-2.4

​​Sep. 30 2023

0.03

0.03

0.07

Beat

169.2

Jun. 30 2023

0.06

0.06

0.06

Met

-3.2​

Mar. 31 2023

0.07

0.07

0.06

Missed

-10.4

Dec. 31 2022

0.02

0.03

0.04

Beat

47.1

This summary was machine generated February 4 at 21:15 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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