AXT Inc expected to post earnings of 9cents a share - Earnings Preview

AXT

26/10/2022 03:05

* AXT Inc  AXTI.OQ   AXTI.O  is expected to show a rise in
quarterly revenue when it reports  results on October 27. 
    * The Fremont California-based  company is expected to
report  a
2.6% increase in revenue to $35.482 million from $34.58 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on October 3
2022, for the period ended September 30, was for revenue between
$34.00 million and $35.00 million.
    * ​Refinitiv's mean analyst estimate for AXT Inc is for
earnings
of 9 cents per share. The company's EPS guidance on July 28
2022, for the period ended September 30, was between USD0.15 and
USD0.17 
    * 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
$9.5​,
above​ its last closing price of $4.41. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.10        0.10       0.09      Missed  -12.9
 ​​Jun.        0.07        0.07       0.10      Beat    40.2
 30 2021                                                
 Mar. 31 2021  0.05        0.05       0.08      Beat    52.9​
 Dec. 31 2020  0.02        0.02       0.05      Beat    102.7
 Sep. 30 2020  0.01        0.01       0.02      Beat    100
 This summary was machine generated October 26 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated