Anterix Inc.ATEX reported mixed first-quarter fiscal 2027 results, wherein the top line missed the Zacks Consensus Estimate, but the bottom line beat the same.
The company delivered 38.1% year-over-year revenue growth, driven by higher spectrum revenues. It also advanced its broadband spectrum business through new license activity and customer partnerships, while spectrum-clearing costs continued to weigh on the bottom line.
Net Income
On a GAAP basis, net income was $0.24 million or 1 penny per share compared with $25.18 million or $1.35 per share in the prior-year quarter. Despite top-line growth, lower gain on the exchange of intangible assets impacted profitability during the quarter.
Excluding non-recurring items, Anterix reported a non-GAAP net loss of 53 cents per share compared with a net loss of 48 cents per share in the prior-year quarter. The bottom line was narrower than the Zacks Consensus Estimate loss of 55 cents.
Spectrum revenues rose to $1.96 million from $1.42 million. The figure missed the consensus estimate of $1.97 million.
During the first quarter of fiscal 2027, the company’s operating expenses totaled $12.86 million compared with $13.81 million in the year-ago quarter. Operating loss in the quarter was $0.25 million against operating income of $22.48 million in the year-ago quarter.
Cash Flow & Liquidity
As of June 30, 2026, Anterix had total cash and cash equivalents and restricted cash of $119.92 million compared with $48.58 million a year ago, with no outstanding debt. The company generated $2.05 million in cash from operations during the reported quarter compared to cash utilization of $3.14 million in the prior-year quarter. No share repurchases occurred during the quarter, with $226.7 million remaining under buyback authorization.
In fiscal 2027, management expects to receive approximately $9.6 million of contracted customer cash proceeds.
Keysight Technologies, Inc.KEYS is scheduled to release third-quarter fiscal 2026 earnings on Aug. 18. The Zacks Consensus Estimate for earnings is pegged at $2.46 per share, suggesting growth of 43.02% from the year-ago reported figure.
Keysight has a long-term earnings growth expectation of 19.44%. The company delivered an average earnings surprise of 9.46% in the last four reported quarters.
Analog Devices, Inc.ADI is set to release third-quarter fiscal 2026 earnings Aug. 19. The Zacks Consensus Estimate for earnings is pegged at $3.33 per share, implying growth of 62.44% from the year-ago reported figure.
Analog Devices has a long-term earnings growth expectation of 31.04%. The company delivered an average earnings surprise of 5.48% in the last four reported quarters.
Workday, Inc.WDAY is set to release second-quarter fiscal 2027 earnings on Aug. 27. The Zacks Consensus Estimate for earnings is pegged at $2.63 per share, implying growth of 16% from the year-ago reported figure.
Workday has a long-term earnings growth expectation of 17.48%. The company delivered an average earnings surprise of 7.22% in the last four reported quarters.
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