Himax Technologies Inc expected to post earnings of 15 cents a share - Earnings Preview

Himax Technologies

06/08/2024 19:36

* Himax Technologies Inc  HIMX.OQ   HIMX.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Tainan-based  company is expected to report a
2.4% decrease
in revenue to $229.34 million from $235.03 million a year ago,
according to the estimate from one analyst, based on LSEG
data.The company's guidance on May 9 2024, for the period ended
June 30, was for revenue between $253.80 million and $265.55
million.
    * ​LSEG's mean analyst estimate for Himax Technologies Inc
is for
earnings of 15 cents per share. The company's EPS guidance on
May 9 2024, for the period ended June 30, was between $0.13 and
$0.17 
    * 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 $5.91. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for gross profit margin between USD31.5% and USD33.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.05        0.05       0.07      Beat    37.4
 Dec. 31 2024  0.11        0.12       0.14      Beat    17.4
 Sep. 30 2023  0.04        0.04       0.06      Beat    47.1​
 Jun. 30 2023  0.01        0.01       0.01      Met     0
 ​​Mar.        0.08        0.08       0.09      Beat    13.3
 31 2023                                                
 Jan. 1 0001   0.23        0.22       0.24      Beat    11.2​
 Sep. 30 2022  0.14        0.14       0.17      Beat    21.4
 Jun. 30 2022  0.44        0.52       0.44      Missed  -15
 This summary was machine generated August 6 at 18:35 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)