Cambium Networks Sees Q1 2024 Adj. EPS $(0.31)-$(0.22) Vs $(0.20) Est.; Revenue $43M-$48M Vs $46.376M Est.
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks projects its Q1 2024 adjusted EPS to be between $(0.31) and $(0.22), which is below the estimated $(0.20). The company also forecasts revenue to be in the range of $43M to $48M, compared to the estimated $46.376M.
February 15, 2024 | 9:46 pm
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Cambium Networks anticipates a lower adjusted EPS for Q1 2024 than analysts estimated, with a projection between $(0.31) and $(0.22) versus the $(0.20) estimate. Revenue is expected to be between $43M and $48M, closely aligning with the $46.376M estimate.
The projected adjusted EPS being lower than the estimated figure suggests a potential negative impact on investor sentiment and stock price in the short term. However, the revenue forecast being close to the estimate may mitigate some negative perceptions, indicating that the business's overall performance might not be significantly off track.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100