AXT Inc expected to post a loss of 8 cents a share - Earnings Preview

AXT

01/05/2024 24:34

* AXT Inc  AXTI.OQ   AXTI.O  is expected to show a rise in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Fremont California-based  company is expected to
report a
11.1% increase in revenue to $21.564 million from $19.41 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on February 22 2024,
for the period ended March 31, was for revenue between $20.00
million and $22.00 million.
    * ​LSEG's mean analyst estimate for AXT Inc is for a loss
of 8
cents per share. The company's EPS guidance on February 22 2024,
for the period ended March 31, 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 $3.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.15       -0.15      -0.09     Beat    38.6
 Sep. 30 0001  -0.12       -0.12      -0.12     Met     -14.3
 Jun. 30 2023  -0.13       -0.13      -0.12     Beat    7.7​
 Jan. 1 0001   0.02        -0.13                        38.5
 ​​Jan.        0.02        0.09                         40.2
 1 0001                                                 
 Sep. 30 2022  0.08        0.09                         42.2​
 Jan. 1 0001   0.08        0.08                         68
 Jan. 1 0001   0.06        0.06       0.07      Beat    10.7
 This summary was machine generated April 30 at 23:34 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)