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

Himax Technologies

09/08/2024 20:00

* Himax Technologies Inc  HIMX.OQ  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The mean expectation of three analysts
for the quarter was for earnings of 15 cents per share. 
    * Revenue rose 2% to $239.62 million from a year ago;
analysts
expected $229.34 million. 
    * Himax Technologies Inc's reported EPS for the quarter was
17
cents​.
    * The company reported quarterly net income of $29.63
million.
    * Himax Technologies Inc shares had fallen by 28.0% this
quarter and lost 5.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 36.4%
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 August 9 at
07:00 p.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
 Jun. 30 2024      0.15           0.17           Beat
 Mar. 31 2024      0.05           0.07           Beat
 Dec. 31 2023      0.12           0.14           Beat
 Sep. 30 2023      0.04           0.06           Beat