Lantronix, Inc. (LTRX) Q1 Earnings and Revenues Miss Estimates

Core Viewpoint - Lantronix, Inc. reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.09 per share, representing a -33.33% earnings surprise [1][2] Financial Performance - The company posted revenues of $34.42 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 7.22%, compared to $33.03 million in the same quarter last year [2] - Over the last four quarters, Lantronix has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - Lantronix shares have declined approximately 34.8% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] Future Outlook - The company's earnings outlook will be crucial for stock performance, with current consensus EPS estimates at $0.11 for the coming quarter and $0.46 for the current fiscal year, with revenues expected to be $39.3 million and $159.8 million respectively [7] - The Zacks Rank for Lantronix is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Computer - Networking industry, to which Lantronix belongs, is currently in the top 11% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% of industries [8]