PCTEL (PCTI) To Report Q2 Earnings: What's In The Offing?
Zacks Investment Research | Aug 06, 2019 06:42AM ET
PCTEL, Inc. (NASDAQ:PCTI) is scheduled to report second-quarter 2019 results after the closing bell on Aug 8. In the last reported quarter, the company delivered a positive earnings surprise of 300%. Notably, PCTEL surpassed the Zacks Consensus Estimate twice in the last four quarters, the average beat being 100%.
Let’s find out how things are shaping up prior to the announcement.
Factors to Consider
During the quarter, PCTEL launched a new LTE multiband antenna that improves data rates and reliability factor for utility networks. Designed for fixed public and private LTE and industrial IoT network deployments, the antenna supports multi-carrier connectivity and helps to mitigate downtime in smart grids and other mission critical applications.
The company also augmented its portfolio of public safety network testing solutions by introducing the fastest 5G/LTE network testing solution – the 5G NR-capable MXflex scanning receiver. This innovative product will offer operators an efficient tool to ensure high-quality user experience across network technologies as they expand 5G footprint.
During the second quarter, PCTEL added public safety LTE grid testing and enhanced P25 signal quality measurements to its portfolio. The new testing capabilities facilitate strict code-based grid testing requirements to ensure in-building coverage for first responders, and the adoption of FirstNet and other LTE-based broadband networks for enhanced public safety communications.
All these steps are likely to get reflected in the upcoming results. The Zacks Consensus Estimate for total revenues for the second quarter is pegged at $22 million, flat with the year-ago reported figure.
Earnings Whispers
Our proven model does not conclusively show that PCTEL will beat earnings in the second quarter as it does not possess the key components. A stock needs to have both a positive Earnings ESP Filter .
PC-Tel, Inc. Price and EPS Surprise
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