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

Diodes Incorporated

09/08/2024 02:38

* Diodes Inc  DIOD.OQ  reported quarterly adjusted earnings
of 33
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.59. 
The mean expectation of six analysts for the quarter was
for earnings of 30 cents per share. Wall Street expected
results to range from 20 cents to 33 cents per share.
    * Revenue fell 31.5% to $319.77 million from a year ago;
analysts
expected $316.12 million. 
    * Diodes Inc's reported EPS for the quarter was 17 cents​.
    * The company reported quarterly net income of $8 million.
    * Diodes Inc shares had fallen by 17.8% this quarter and
lost 26.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for Diodes Inc is
$78.50 
This summary was machine generated from LSEG data August 9 at
01:38 a.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
 Jun. 30 2024      0.30           0.33           Beat
 Mar. 31 2024      0.31           0.28           Missed
 Dec. 31 2023      0.49           0.51           Beat
 Sep. 30 2023      1.22           1.13           Missed