Himax Technologies Inc expected to post earnings of 22cents a share - Earnings Preview

Himax Technologies

07/02/2023 19:31

* Himax Technologies Inc  HIMX.OQ   HIMX.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
9. 
    * The Tainan-based  company is expected to report  a
46.9% decrease in revenue to $240.1 million from $451.9 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on November 10
2022, for the period ended December 31, was for revenue between
$222.18 million and $230.72 million.
    * ​Refinitiv's mean analyst estimate for Himax Technologies
Inc is
for earnings of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"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​, below​ its last closing price of $8.13.
​​​

The company's guidance on November 10 2022 for the period ended
December 31 was for gross profit margin between USD31.5% and
USD33.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.14        0.14       0.17      Beat    21.4
 Jun. 30 2022  0.44        0.52       0.44      Missed  -15
 Mar. 31 2022  0.69        0.69       0.70      Beat    0.5​
 Dec. 31 2021  0.82        0.82       0.85      Beat    3.5
 ​​Sep.        0.80        0.80       0.80      Met     -0.6
 30 2021                                                
 Jun. 30 2021  0.57        0.46       0.62      Beat    36.8​
 Mar. 31 2021  0.36        0.35       0.38      Beat    9.7
 Dec. 31 2020  0.17        0.17       0.20      Beat    18.9
 This summary was machine generated February 7 at 19:31 GMT.  All
figures in US dollars  unless otherwise stated