DLH Holdings Q3 Preview: Loss Widens to 17 Cents, Revenue Seen Down 40%
DLHC is trading near its 52-week low of $5.03 (3.8% above the low) on light trading volume (0.2× avg).
Summary
DLH Holdings is expected to report a Q3 loss of 17 cents per share on July 29, wider than the 16-cent loss previewed in May. Revenue is forecast to drop 40% to $50 million, a steeper decline than the 35% slide seen last quarter. The company has been under pressure: a Q2 net loss, a covenant amendment, and a CEO retirement. The upcoming report will show whether the Navy contract win and cost actions are stemming the deterioration.
At the time of this announcement, DLHC was trading at $5.22 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $75.7M. The 52-week trading range was $5.03 to $8.10. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.