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

Cohu

02/11/2023 21:46

* Cohu Inc  COHU.OQ  reported quarterly adjusted earnings of
35
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 74
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 32 cents per share. Wall Street expected
results to range from 31 cents to 34 cents per share.
    * Revenue fell 27% to $150.80 million from a year ago;
analysts
expected $150.10 million. 
    * Cohu Inc's reported EPS for the quarter was 8 cents​.
    * The company reported quarterly net income of $3.92
million.
    * Cohu Inc shares had fallen by 12.0% this quarter and
lost 5.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.3%
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
$45.00 
This summary was machine generated from LSEG data November 2 at
09:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.32           0.35           Beat
 Jun. 30 2023      0.44           0.48           Beat
 Mar. 31 2023      0.54           0.56           Beat
 Dec. 31 2022      0.60           0.70           Beat