Diodes Inc expected to post earnings of 49 cents a share - Earnings Preview

Diodes Incorporated

02/02/2024 23:18

* Diodes Inc  DIOD.OQ   DIOD.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The Plano Texas-based  company is expected to report a
34.6% decrease in revenue to $324.767 million from $496.21
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on November
8 2023, for the period ended December 31, was for revenue
between $315.24 million and $334.74 million. (Majority Basis is
Total Revenue)
    * ​LSEG's mean analyst estimate for Diodes Inc is for
earnings of
49 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
$72.00​, above​ its last closing price of $67.69. ​​​

The company's guidance on November 8 2023 for the period ended
December 31 was for gross profit margin between USD34% and
USD36%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  1.62        1.61       1.73      Beat    7.2
 ​​Sep.        1.89        1.88       2.00      Beat    6.6
 30 2022                                                
 Jun. 30 2022  1.74        1.74       1.90      Beat    9​
 Mar. 31 2022  1.54        1.54       1.75      Beat    13.3
 Dec. 31 2021  1.45        1.45       1.60      Beat    10.7
 This summary was machine generated February 2 at 23:18 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)