Airgain Inc reports results for the quarter ended March 31 - Earnings Summary

• Airgain Inc AIRG.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -11 cents to -9 cents per share.

• Revenue fell 15.6% to $12.01 million from a year ago; analysts expected $12.07 million.

• Airgain Inc's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $1.55 million.

• Airgain Inc shares had risen by 18.7% this quarter and lost 43.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 57.9% 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 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Airgain Inc is $9.00

This summary was machine generated from LSEG data May 8 at 02:50 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)