AXT Inc expected to post a loss of 12 cents a share - Earnings Preview

AXT

01/11/2023 02:40

* AXT Inc  AXTI.OQ   AXTI.O  is expected to show a fall in
quarterly revenue when it reports  results 
    * The Fremont California-based  company is expected to
report  a
48.8% decrease in revenue to $18.023 million from $35.18 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. The company's guidance on August 3 2023, for
the period ended September 30, was for revenue between $16.50
million and $19.50 million.
    * ​Refinitiv's mean analyst estimate for AXT Inc is for a
loss
of 12 cents per share. The company's EPS guidance on August 3
2023, for the period ended September 30, was between $-0.15 and
$-0.12 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "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 AXT Inc is
$5​,
above​ its last closing price of $1.99. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -0.13       -0.13      -0.12     Beat    7.7
 Mar. 31 2023  -0.13       -0.13      -0.08     Beat    38.5
 Dec. 31 2022  0.02        0.02       0.03      Beat    40.2​
 Sep. 30 2022  0.08        0.09       0.13      Beat    42.2
 ​​Jun.        0.08        0.08       0.13      Beat    68
 30 2022                                                
 Mar. 31 2022  0.06        0.06       0.07      Beat    10.7​
 Dec. 31 2021  0.07        0.06       0.07      Beat    12
 Sep. 30 2021  0.10        0.10       0.09      Missed  -12.9
 This summary was machine generated November 1 at 02:40 GMT.  All
figures in US dollars  unless otherwise stated