AXT Inc expected to post a loss of 7 cents a share - Earnings Preview

AXT

29/10/2024 21:04

* AXT Inc  AXTI.OQ   AXTI.O  is expected to show a rise in
quarterly revenue when it reports  results on October 31 for the
period ending September 30 2024
    * The Fremont California-based  company is expected to
report a
49.6% increase in revenue to $25.985 million from $17.37 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on August 1 2024, for
the period ended September 30, was for revenue between $25.00
million and $27.00 million.
    * ​LSEG's mean analyst estimate for AXT Inc is for a loss
of 7
cents per share. The company's EPS guidance on August 1 2024,
for the period ended September 30, was between $-0.08 and
$-0.06 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"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
5.50​,
above​ its last closing price of $2.75. ​​​

The company's guidance on May 2 2024 for the period ended
September 30 was for Capital Expenditures of USD2 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.05       -0.05      -0.04     Beat    20.9
 Mar. 31 2024  -0.08       -0.08      -0.05     Beat    35.9
 Dec. 31 2023  -0.15       -0.15      -0.09     Beat    38.6​
 Sep. 30 2023  -0.12       -0.12      -0.14     Missed  -14.3
 ​​Jun.        -0.13       -0.13      -0.12     Beat    7.7
 30 2023                                                
 Mar. 31 2023  -0.13       -0.13      -0.08     Beat    38.5​
 Jan. 1 0001   0.02        0.02       0.03      Beat    40.2
 Sep. 30 2022  0.08        0.09       0.13      Beat    42.2
 This summary was machine generated October 29 at 21:03 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)