* Digi International Inc reported quarterly adjusted earnings of 52 cents per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 48 cents to 51 cents per share.
* Revenue fell 6.3% to $105.05 million from a year ago; analysts expected $104.08 million.
* Digi International Inc's reported EPS for the quarter was 32 cents.
* The company reported quarterly net income of $11.86 million.
* Digi International Inc shares had risen by 18.5% this quarter and gained 25.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged 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," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the communications & networking peer group is also "buy"
Wall Street's median 12-month price target for Digi International Inc is $33.00 This summary was machine generated from LSEG data November 14 at 04:04 a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.50 0.52 Beat
Jun. 30 2024 0.49 0.50 Beat
Mar. 31 2024 0.47 0.49 Beat
Dec. 31 2023 0.44 0.48 Beat