Comtech Telecommunications Corp reports results for the quarter ended January 31 - Earnings Summary

• Comtech Telecommunications Corp CMTL.OQ reported a quarterly adjusted loss of 35 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of three analysts for the quarter was for a loss of 39 cents per share. Wall Street expected results to range from -61 cents to -4 cents per share.

• Revenue fell 5.7% to $126.57 million from a year ago; analysts expected $117.00 million.

• Comtech Telecommunications Corp's reported EPS for the quarter was a loss of 76 cents​.

• The company reported a quarterly loss of $22.36 million.

• Comtech Telecommunications Corp shares had fallen by 49.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 303.4% in the last three months.​

• In the last 30 days, there have been no 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," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the communications & networking peer group is "hold."

Wall Street's median 12-month price target for Comtech Telecommunications Corp is $5.50

This summary was machine generated from LSEG data March 12 at 09:37 p.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)