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RF Industries Ltd reports results for the quarter ended in April - Earnings Summary
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RF Industries Ltd reports results for the quarter ended in April - Earnings Summary
  • 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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