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

AXT

02/08/2023 03:07

* AXT Inc  AXTI.OQ   AXTI.O  is expected to show a fall in
quarterly revenue when it reports  results on August 3. 
    * The Fremont California-based  company is expected to
report  a
49.4% decrease in revenue to $19.971 million from $39.49 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on April 27
2023, for the period ended June 30, 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 April 27
2023, for the period ended June 30, was between $-0.14 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 $3.08. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.13       -0.13      -0.08     Beat    38.5
 Dec. 31 2023  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.        0.06        0.06       0.07      Beat    10.7
 31 2022                                                
 Dec. 31 2021  0.07        0.06       0.07      Beat    12​
 Sep. 30 2021  0.10        0.10       0.09      Missed  -12.9
 Jun. 30 2021  0.07        0.07       0.10      Beat    40.2
 This summary was machine generated August 2 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated