Comtech Telecommunications Corp reports results for the quarter ended in October - Earnings Summary

Published on December 08, 2022 02:02 PM PST

Comtech Telecommunications Corp reports results for the quarter ended in October - Earnings Summary — Image source: ©2022 Kalkine Media®

* Comtech Telecommunications Corp reported a quarterly adjusted loss of 13 cents per share for the quarter ended in October. The mean expectation of seven analysts for the quarter was for a loss of 10 cents per share. * Revenue rose 12.3% to $131.14 million from a year ago; analysts expected $128.64 million. * Comtech Telecommunications Corp's reported EPS for the quarter was a loss of 46 cents. * The mean earnings estimate of analysts had risen by about 26.9% in the last three months. * In the last 30 days there have been no earnings estimate revisions by analysts covering the company. * Comtech Telecommunications Corp shares had risen by 26.7% this quarter and lost 46.5% so far this year. * The company reported a quarterly loss of $12.81 million. * Wall Street's median 12-month price target for Comtech Telecommunications Corp is $14.13 * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." This summary was machine generated from Refinitiv data December 8 at 10:01 p.m. All figures in US dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Oct. 31 2022 -0.10 -0.13 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

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