Himax Technologies Inc reports results for the quarter ended in December - Earnings Summary

Himax Technologies

07/02/2024 05:52

* Himax Technologies Inc  HIMX.OQ  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 24 cents.  The mean expectation of
two analysts for the quarter was for earnings of 12 cents per
share. Wall Street expected results to range from 11 cents to 12
cents per share.
    * Revenue fell 13.2% to $227.68 million from a year ago;
analysts
expected $222.20 million. 
    * Himax Technologies Inc's reported EPS for the quarter was
13
cents​.
    * The company reported quarterly net income of $23.57
million.
    * Himax Technologies Inc shares had fallen by 8.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Himax
Technologies Inc is $7.00 
This summary was machine generated from LSEG data February 7 at
05:52 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.12           0.14           Beat
 Sep. 30 2023      0.04           0.06           Beat
 Jun. 30 2023      0.01           0.01           Met
 Mar. 31 2023      0.08           0.09           Beat