Diodes Inc expected to post earnings of 31 cents a share - Earnings Preview

Diodes Incorporated

08/05/2024 03:54

* Diodes Inc  DIOD.OQ   DIOD.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Plano Texas-based  company is expected to report a
34.6% decrease in revenue to $305.51 million from $467.24
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
6 2024, for the period ended March 31, was for revenue between
$295.85 million and $314.15 million.
    * ​LSEG's mean analyst estimate for Diodes Inc is for
earnings of
31 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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
$70.00​, below​ its last closing price of $76.51. ​​​

The company's guidance on February 6 2024 for the period ended
March 31 was for gross profit margin between USD33% and USD35%.
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  0.49        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. 31 2023  1.46        1.47       1.59      Beat    8.5
 ​​Dec.        1.62        1.61       1.73      Beat    7.2
 31 2022                                                
 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
 This summary was machine generated May 8 at 02:54 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)