RF Industries (NASDAQ: RFIL) recently reported its first-quarter earnings results, and the numbers have left investors with mixed feelings. The company missed estimated earnings by 0.0%, reporting an EPS of $-0.06 versus an estimate of $-0.06. Additionally, revenue was down $4.88 million from the same period last year.
Looking at past earnings performance, RF Industries has had its ups and downs. Last quarter, the company beat on EPS by $0.03, which was followed by a 2.0% increase in the share price the next day. However, the company has had some inconsistencies in its earnings performance over the past few quarters, as seen in the table below:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|———–|———|———|———|———|
| EPS Estimate | -0.04 | 0.08 | 0.03 | 0.1 |
| EPS Actual | -0.01 | -0.08 | 0.13 | 0 |
| Revenue Estimate | 16.70M | 21.45M | 20.19M | 19.70M |
| Revenue Actual | 15.87M | 15.65M | 22.30M | 18.34M |
It’s clear that RF Industries has had its challenges in meeting earnings estimates and revenue targets in recent quarters. This inconsistency may be a cause for concern for investors who are looking for stable and predictable performance from the company.
To stay updated on RF Industries’ earnings releases and performance, investors can visit their earnings calendar on Benzinga’s website for more information.
It’s important to note that this article was generated by Benzinga’s automated content engine and reviewed by an editor. Benzinga does not provide investment advice, but aims to provide valuable insights and information for investors to make informed decisions.
In conclusion, RF Industries’ first-quarter earnings results may have fallen short of expectations, but the company’s past performance shows a mix of positive and negative outcomes. Investors should closely monitor the company’s future earnings releases and performance to make informed investment decisions.
