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

AXT

27/07/2022 01:00

* AXT Inc  AXTI.OQ   AXTI.O  is expected to show a rise in
quarterly revenue when it reports  results on July 28. 
    * The Fremont California-based  company is expected to
report  a
18.7% increase in revenue to $40.046 million from $33.74 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for AXT Inc is for
earnings
of 8 cents per share. For the same quarter last year, the
company reported earnings of 10 cents per share.
    * 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
$12​,
above​ its last closing price of $6.65. ​​​
    * 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 2022  0.06        0.06       0.07      Beat    10.7
 Dec. 31 2022  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
 ​​Mar.        0.05        0.05       0.08      Beat    52.9
 31 2021                                                
 Dec. 31 2020  0.02        0.02       0.05      Beat    102.7​
 Sep. 30 2020  0.01        0.01       0.02      Beat    100
 Jun. 30 2020  -0.01       -0.01      0.01      Beat    230.4
 This summary was machine generated July 27 at 00:00 GMT.  All
figures in US dollars  unless otherwise stated