PCTEL Third Quarter 2022 Earnings: EPS Beats Expectations
PCTEL (NASDAQ:PCTI) Third Quarter 2022 Results
Key Financial Results
Revenue: US$26.0m (up 16% from 3Q 2021).
Net income: US$1.97m (up 197% from 3Q 2021).
Profit margin: 7.6% (up from 3.0% in 3Q 2021).
EPS: US$0.11 (up from US$0.037 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PCTEL EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 120%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Communications industry in the US.
Performance of the American Communications industry.
The company's shares are up 2.0% from a week ago.
You should learn about the 5 warning signs we've spotted with PCTEL (including 1 which makes us a bit uncomfortable).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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