Diodes Inc expected to post earnings of 30 cents a share - Earnings Preview

Diodes Incorporated

06/08/2024 23:29

* Diodes Inc  DIOD.OQ   DIOD.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Plano Texas-based  company is expected to report a
32.3% decrease in revenue to $316.12 million from $467.15
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$306.52 million and $325.48 million.
    * ​LSEG's mean analyst estimate for Diodes Inc is for
earnings of
30 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "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
$78.50​, above​ its last closing price of $62.88. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for gross profit margin between USD32.5% and USD34.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.31        0.31       0.28      Missed  -9.4
 Dec. 31 2023              0.49       0.51      Beat    3.5
 Sep. 30 2023  1.21        1.22       1.13      Missed  -7​
 Jun. 30 2023  1.57        1.57       1.59      Beat    1.5
 ​​Mar.        1.46        1.47       1.59      Beat    8.5
 31 2023                                                
 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
 This summary was machine generated August 6 at 22:29 GMT.  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)