AXT Inc expected to post a loss of 13 cents a share - Earnings Preview

AXT

25/04/2023 22:43

* AXT Inc  AXTI.OQ   AXTI.O  is expected to show a fall in
quarterly revenue when it reports  results on April 27. 
    * The Fremont California-based  company is expected to
report  a
49.4% decrease in revenue to $20.064 million from $39.65 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on February 16
2023, for the period ended March 31, was for revenue between
$19.00 million and $21.00 million.
    * ​Refinitiv's mean analyst estimate for AXT Inc is for a
loss
of 13 cents per share. The company's EPS guidance on February 16
2023, for the period ended March 31, was between $-0.12 and
$-0.10 
    * 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
$8​,
above​ its last closing price of $3.04. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.08        0.08       0.13      Beat    68​
 Mar. 31 2022  0.06        0.06       0.07      Beat    10.7
 ​​Dec.        0.07        0.06       0.07      Beat    12
 31 2021                                                
 Sep. 30 2021  0.10        0.10       0.09      Missed  -12.9​
 Jun. 30 2021  0.07        0.07       0.10      Beat    40.2
 Mar. 31 2021  0.05        0.05       0.08      Beat    52.9
 This summary was machine generated April 25 at 21:43 GMT.  All
figures in US dollars  unless otherwise stated