LSI Industries Inc. (LYTS, Financial) reported a notable revenue increase for its fiscal third quarter, totaling $132.48 million. This figure surpasses the market consensus of $129.72 million, marking a robust 22% growth in sales.
The company's President and CEO, James Clark, emphasized the team's ability to maintain solid performance amid fluctuating customer project schedules and demand levels. Despite the typically volatile nature of the calendar year's first quarter, which is often influenced by clients finalizing their store construction and renovation budgets, LSI managed to navigate an especially unpredictable period this year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for LSI Industries Inc (LYTS, Financial) is $28.67 with a high estimate of $30.00 and a low estimate of $26.00. The average target implies an upside of 81.55% from the current price of $15.79. More detailed estimate data can be found on the LSI Industries Inc (LYTS) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, LSI Industries Inc's (LYTS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for LSI Industries Inc (LYTS, Financial) in one year is $15.43, suggesting a downside of 2.28% from the current price of $15.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the LSI Industries Inc (LYTS) Summary page.
