LightPath Technologies Inc reports results for the quarter ended September 30 - Earnings Summary

• LightPath Technologies Inc reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -6 cents to -2 cents per share.

• Revenue rose 37.9% to $20.76 million from a year ago; analysts expected $21.93 million.

• LightPath Technologies Inc shares had fallen by 22.3% this quarter and lost 25.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 366.7% 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 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the household electronics peer group is also "buy"

• Wall Street's median 12-month price target for LightPath Technologies Inc is $15.25, about 47.5% above its last closing price of $8.01

This summary was machine generated from LSEG data November 10 at 09:51 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)