Data I/O Corp reports results for the quarter ended in June - Earnings Summary

Data I/O

25/07/2024 22:01

* Data I/O Corp  DAIO.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 3
cents.  The mean expectation of two analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -5 cents to 2 cents per share.
    * Revenue fell 31.6% to $5.06 million from a year ago;
analysts
expected $6.31 million. 
    * Data I/O Corp's reported EPS for the quarter was a loss
of 9
cents​.
    * The company reported a quarterly loss of $797 thousand.
    * Data I/O Corp shares had held steady so far this
quarter and
lost 6.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 175%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the computer
hardware
peer group is  "buy."

Wall Street's median 12-month price target for Data I/O Corp is
$6.50 
This summary was machine generated from LSEG data July 25 at
09:01 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
 Jun. 30 2024      -0.01          -0.09          Missed
 Mar. 31 2024      0.00           -0.09          Missed
 Dec. 31 2023      0.00           0.02           Beat
 Sep. 30 2023      0.03           -0.01          Missed