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

Data I/O

25/04/2024 23:44

* Data I/O Corp  DAIO.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of two analysts for the quarter was
for breakeven results per share. Wall Street expected results to
range from -2 cents to 1 cents per share.
    * Revenue fell 15.7% to $6.10 million from a year ago;
analysts
expected $6.72 million. 
    * Data I/O Corp's reported EPS for the quarter was a loss
of 9
cents​.
    * The company reported a quarterly loss of $807 thousand.
    * Data I/O Corp shares had risen by 0.3% this quarter and
gained 20.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 50% 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 it services &
consulting 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 April 25 at
10:44 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      0.00           -0.09          Missed
 Dec. 31 2023      0.00           0.02           Beat
 Sep. 30 2023      0.03           -0.01          Missed
 Jun. 30 2023      0.00           0.03           Beat