Cohu Inc reports results for the quarter ended in March - Earnings Summary

Cohu

03/05/2024 21:23

* Cohu Inc  COHU.OQ  reported quarterly adjusted earnings of
1
cent​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 56
cents.  The mean expectation of seven analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -3 cents to 4 cents per share.
    * Revenue fell 40% to $107.61 million from a year ago;
analysts
expected $107.09 million. 
    * Cohu Inc's reported EPS for the quarter was a loss of 31
cents​.
    * The company reported a quarterly loss of $14.64 million.
    * Cohu Inc shares had fallen by 9.0% this quarter and
lost 14.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 107.4% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for Cohu Inc is
$36.00 
This summary was machine generated from LSEG data May 3 at 08:22
p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.01          0.01           Beat
 Dec. 31 2023      0.23           0.23           Met
 Sep. 30 2023      0.32           0.35           Beat
 Jun. 30 2023      0.44           0.48           Beat