AXT Inc expected to post earnings of 2cents a share - Earnings Preview

AXT

14/02/2023 22:58

* AXT Inc  AXTI.OQ   AXTI.O  is expected to show a fall in
quarterly revenue when it reports  results on February 16. 
    * The Fremont California-based  company is expected to
report  a
23.4% decrease in revenue to $28.911 million from $37.73 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on October 27
2022, for the period ended December 31, was for revenue between
$26.00 million and $29.00 million.
    * ​Refinitiv's mean analyst estimate for AXT Inc is for
earnings
of 2 cents per share. The company's EPS guidance on October 27
2022, for the period ended December 31, was between $0.03 and
$0.05 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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 $6.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.07        0.06       0.07      Beat    12
 ​​Sep.        0.10        0.10       0.09      Missed  -12.9
 30 2021                                                
 Jun. 30 2021  0.07        0.07       0.10      Beat    40.2​
 Mar. 31 2021  0.05        0.05       0.08      Beat    52.9
 Dec. 31 2020  0.02        0.02       0.05      Beat    102.7
 This summary was machine generated February 14 at 22:58 GMT. 
All figures in US dollars  unless otherwise stated