Himax Technologies Inc expected to post earnings of 5 cents a share - Earnings Preview

Himax Technologies

07/05/2024 19:30

* Himax Technologies Inc  HIMX.OQ   HIMX.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The Tainan-based  company is expected to report a
16.7% decrease
in revenue to $203.4 million from $244.2 million a year ago,
according to the mean estimate from 3 analysts, based on LSEG
data.
    * ​LSEG's mean analyst estimate for Himax Technologies Inc
is for
earnings of 5 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 $6.20​, above​ its last closing price
of $5.17. ​​​

The company's guidance on February 6 2024 for the period ended
March 31 was for gross profit margin of 28.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.11        0.12       0.14      Beat    17.4
 Sep. 30 2023              0.04       0.06      Beat    47.1
 Jun. 30 2023  0.01        0.01       0.01      Met     0​
 Mar. 31 2023  0.08        0.08       0.09      Beat    13.3
 ​​Jan.        0.23        0.22       0.24      Beat    11.2
 1 0001                                                 
 Sep. 30 2022  0.14        0.14       0.17      Beat    21.4​
 Jun. 30 2022  0.44        0.52       0.44      Missed  -15
 Jan. 1 0001   0.69        0.69       0.70      Beat    0.5
 This summary was machine generated May 7 at 18:30 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)