Comtech Telecommunications Corp <CMTL.O>: Losses of 13 cents announced for first quarter

Published on December 08, 2022 02:02 PM PST

Comtech Telecommunications Corp <CMTL.O>: Losses of 13 cents announced for first quarter — Image source: ©2022 Kalkine Media®

8 December 2022 10:01 p.m. All figures in US dollars. The loss announced by Comtech Telecommunications Corp in the first quarter were lower than the Refinitiv mean estimate of losses. The company reported losses of -13 cents per share, 2 cents higher than the same quarter last year when the company reported EPS of -15 cents. Losses of -10 cents per share were anticipated by the four analysts providing estimates for the quarter. Wall Street expected results to range from -14 cents to -4 cents per share, with a forecasted mean of -10 cents per share. The company reported revenue of $131.14 million, which is higher than the estimated $128.64 million. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the communications & networking peer group is also "Buy". FORECAST CHANGES * Seven analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There was no change to the number of estimates. YEAR OVER YEAR * The company reported an increase in revenue to $131.14 million from $116.76 million in the same quarter last year. * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 -0.10 -0.26 Missed Apr. 30 2022 0.01 -0.06 Missed Jan. 31 2022 -0.11 -0.03 Beat Oct. 31 2021 -0.14 -0.15 Missed This summary was machine generated from Refinitiv data December 8 at 10:01 p.m.

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