Diodes Inc reports results for the quarter ended in December - Earnings Summary

Diodes Incorporated

06/02/2024 22:46

* Diodes Inc  DIOD.OQ  reported quarterly adjusted earnings
of 51
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.73.  The mean expectation of seven analysts for the quarter
was for earnings of 49 cents per share. Wall Street expected
results to range from 45 cents to 52 cents per share.
    * Revenue fell 35% to $322.70 million from a year ago. 
    * Diodes Inc's reported EPS for the quarter was 55 cents​.
    * The company reported quarterly net income of $25.11
million.
    * Diodes Inc shares had fallen by 16.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 55.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "hold"

Wall Street's median 12-month price target for Diodes Inc is
$72.00 
This summary was machine generated from LSEG data February 6 at
10:46 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
 Dec. 31 2023      0.49           0.51           Beat
 Sep. 30 2023      1.22           1.13           Missed
 Jun. 30 2023      1.57           1.59           Beat
 Mar. 31 2023      1.47           1.59           Beat