Diodes Inc reports results for the quarter ended September 30 - Earnings Summary

Diodes Incorporated

08/11/2024 21:02

* Diodes Inc  DIOD.OQ  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.13.  The mean expectation of five analysts for the quarter
was for earnings of 42 cents per share. Wall Street expected
results to range from 39 cents to 44 cents per share.
    * Revenue fell 13.5% to $350.08 million from a year ago;
analysts
expected $346.32 million. 
    * Diodes Inc's reported EPS for the quarter was 30 cents​.
    * The company reported quarterly net income of $13.75
million.
    * Diodes Inc shares had fallen by 2.0% this quarter and
lost 22.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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
$72.00 
This summary was machine generated from LSEG data November 8 at
09:02 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
 Sep. 30 2024      0.42           0.43           Beat
 Jun. 30 2024      0.30           0.33           Beat
 Mar. 31 2024      0.31           0.28           Missed
 Dec. 31 2023      0.49           0.51           Beat