Diodes Inc expected to post earnings of $1.50 a share - Earnings Preview

Diodes Incorporated

06/05/2023 03:11

* Diodes Inc  DIOD.OQ   DIOD.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9. 
    * The Plano Texas-based  company is expected to report  a
3.1% decrease in revenue to $467.037 million from $482.12
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on
February 6 2023, for the period ended March 31, was for revenue
between $452.99 million and $481.01 million.
    * ​Refinitiv's mean analyst estimate for Diodes Inc is for
earnings of $1.50 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Diodes Inc
is
$108​, above​ its last closing price of $86.04. ​​​

The company's guidance on February 6 2023 for the period ended
March 31 was for gross profit margin between USD40% and USD42%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.62        1.61       1.73      Beat    7.2
 Sep. 30 2022  1.89        1.88       2.00      Beat    6.6
 Jun. 30 2022  1.74        1.74       1.90      Beat    9​
 Mar. 31 2022  1.54        1.54       1.75      Beat    13.3
 ​​Dec.        1.45        1.45       1.60      Beat    10.7
 31 2021                                                
 Sep. 30 2021  1.39        1.39       1.47      Beat    6​
 Jun. 30 2021  1.14        1.12       1.20      Beat    7.1
 Mar. 31 2021  0.80        0.79       0.93      Beat    18.1
 This summary was machine generated May 6 at 02:11 GMT.  All
figures in US dollars  unless otherwise stated