RF Industries Ltd RFIL.OQ reported quarterly adjusted earnings of 1 cent per share for the quarter ended in April, lower than the same quarter last year, when the company reported EPS of 13 cents. The lone analyst forecast for the quarter was for a loss of 2 cents per share.
Revenue fell 27.8% to $16.11 million from a year ago; analysts expected $16.28 million.
RF Industries Ltd's reported EPS for the quarter was a loss of 41 cents.
The company reported a quarterly loss of $4.29 million.
RF Industries Ltd shares had risen by 3.2% this quarter and gained 5.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 183.3% in the last three months.
In the last 30 days, there have been 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," "hold" and "sell" or "strong sell."
The average consensus recommendation for the electrical components & equipment peer group is also "buy"
Wall Street's median 12-month price target for RF Industries Ltd is $4.25
This summary was machine generated from LSEG data June 14 at 06:01 a.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 |
Apr. 30 2024 |
-0.02 |
0.01 |
Beat |
Jan. 31 2024 |
-0.06 |
-0.06 |
Met |
Oct. 31 2023 |
-0.04 |
-0.01 |
Beat |
Jul. 31 2023 |
0.08 |
-0.08 |
Missed |