Himax Technologies Inc expected to post earnings of 12 cents a share - Earnings Preview

Himax Technologies

02/02/2024 15:15

* Himax Technologies Inc  HIMX.OQ   HIMX.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 Tainan-based  company is expected to report a
15.3% decrease
in revenue to $222.2 million from $262.29 million a year ago,
according to the mean estimate from 2 analysts, based on LSEG
data.
    * ​LSEG's mean analyst estimate for Himax Technologies Inc
is for
earnings of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 $7.00​, above​ its last closing price
of $5.77. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for gross profit margin of 30%.
This summary was machine generated February 2 at 15:15 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)