Himax Technologies Inc expected to post earnings of 1 cent a share - Earnings Preview

Himax Technologies

08/08/2023 12:40

* Himax Technologies Inc  HIMX.OQ   HIMX.O  is expected
to show a
fall in quarterly revenue when it reports  results on August
10. 
    * The Tainan-based  company is expected to report  a
24.6% decrease in revenue to $235.6 million from $312.61 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Himax Technologies
Inc is
for earnings of 1 cent per share. The company's EPS guidance on
May 11 2023, for the period ended June 30, was between -0.03 and
0.01 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "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 Himax
Technologies Inc is $7​, above​ its last closing price of $6.71.
​​​

The company's guidance on May 11 2023 for the period ended June
30 was for gross profit margin between 20% and 21%.
This summary was machine generated August 8 at 11:40 GMT.  All
figures in US dollars  unless otherwise stated