Alpha and Omega Semiconductor Ltd expected to post earnings of 4 cents a share - Earnings Preview

Alpha and Omega Semiconductor

06/08/2024 03:02

* Alpha and Omega Semiconductor Ltd  AOSL.OQ   AOSL.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 7 for the period ending June 30 2024
    * The Sunnyvale California-based  company is expected to
report a
0.9% decrease in revenue to $160.033 million from $161.53
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
$150.00 million and $170.00 million.
    * ​LSEG's mean analyst estimate for Alpha and Omega
Semiconductor
Ltd is for earnings of 4 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Alpha and
Omega
Semiconductor Ltd is $42.00​, above​ its last closing price
of $34.26. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for gross profit margin between USD25.3% and USD27.3%.
This summary was machine generated August 6 at 02:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)