Cohu Inc reports results for the quarter ended in September 30 - Earnings Summary

Cohu

01/11/2024 03:36

* Cohu Inc  COHU.OQ  reported a quarterly adjusted loss of 8
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 35
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 7 cents per share. Wall Street expected
results to range from -9 cents to -6 cents per share.
    * Revenue fell 36.8% to $95.34 million from a year ago;
analysts
expected $95.75 million. 
    * Cohu Inc's reported EPS for the quarter was a loss of 39
cents​.
    * The company reported a quarterly loss of $18.06 million.
    * Cohu Inc shares had risen by 1.0% this quarter and
lost 26.7% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 102.9% 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 4 "strong buy" or "buy," 2
"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 30.00
This summary was machine generated from LSEG data November 1 at
03:36 a.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
 Sep. 30 2024      -0.07          -0.08          Missed
 Jun. 30 2024      -0.02          -0.01          Beat
 Mar. 31 2024      -0.01          0.01           Beat
 Dec. 31 2023      0.23           0.23           Met