Brokerages Expect Genasys Inc. (NASDAQ:GNSS) to Post $0.02 EPS

Brokerages predict that Genasys Inc. (NASDAQ:GNSS) will post earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Two analysts have made estimates for Genasys’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.02. Genasys reported earnings of $0.04 per share during the same quarter last year, which indicates a negative year over year growth rate of 50%. The company is scheduled to issue its next earnings results on Monday, August 9th.

On average, analysts expect that Genasys will report full year earnings of $0.04 per share for the current year, with EPS estimates ranging from $0.03 to $0.05. For the next year, analysts expect that the business will post earnings of $0.12 per share, with EPS estimates ranging from $0.10 to $0.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Genasys.

Genasys (NASDAQ:GNSS) last released its quarterly earnings results on Thursday, May 13th. The company reported $0.01 EPS for the quarter. Genasys had a return on equity of 8.54% and a net margin of 23.40%. The firm had revenue of $11.30 million for the quarter, compared to analyst estimates of $9.59 million.

Separately, Zacks Investment Research lowered Genasys from a “hold” rating to a “sell” rating in a report on Monday, May 17th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $7.81.

Several institutional investors and hedge funds have recently modified their holdings of GNSS. Lazard Asset Management LLC purchased a new stake in shares of Genasys during the first quarter valued at approximately $40,000. Citigroup Inc. increased its position in shares of Genasys by 307.7% during the fourth quarter. Citigroup Inc. now owns 6,515 shares of the company’s stock valued at $42,000 after acquiring an additional 4,917 shares during the last quarter. Gradient Investments LLC purchased a new stake in Genasys in the second quarter worth $49,000. Price T Rowe Associates Inc. MD purchased a new stake in Genasys in the first quarter worth $77,000. Finally, Truist Financial Corp increased its position in Genasys by 15.9% in the fourth quarter. Truist Financial Corp now owns 12,111 shares of the company’s stock worth $79,000 after buying an additional 1,661 shares during the last quarter. 55.53% of the stock is owned by institutional investors.

NASDAQ:GNSS remained flat at $$5.65 on Thursday. The company’s stock had a trading volume of 1,327 shares, compared to its average volume of 390,956. The company has a 50 day moving average of $5.57. The company has a market cap of $191.25 million, a P/E ratio of 49.91 and a beta of 0.54. Genasys has a 1-year low of $3.90 and a 1-year high of $8.32.

Genasys Company Profile

Genasys is a global provider of critical communications solutions to help keep people safe. During public safety threats and critical business events, the Company?s unified platform of LRAD(TM) systems, Critical Communications as a Service software and integrated solutions provides a multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after crisis situations.

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