Anterix Inc reports results for the quarter ended June 30 - Earnings Summary

• Anterix Inc ATEX.OQ reported quarterly adjusted earnings of $1.35​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -84 cents. The mean expectation of two analysts for the quarter was for a loss of 57 cents per share. Wall Street expected results to range from -60 cents to -54 cents per share.

• Revenue fell 7% to $1.42 million from a year ago; analysts expected $1.51 million.

• Anterix Inc's reported EPS for the quarter was $1.35​.

• The company reported quarterly net income of $25.18 million.

• Anterix Inc shares had fallen by 18.3% this quarter and lost 31.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.6% 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 wireless telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for Anterix Inc is $72.00, about 70.9% above its last closing price of $20.96

This summary was machine generated from LSEG data August 12 at 09:01 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)