indie Semiconductor Inc reports results for the quarter - Earnings Summary

indie Semiconductor

08/11/2024 21:47

* indie Semiconductor Inc  INDI.OQ  reported a quarterly
adjusted
loss of 9 cents​​ per share for the quarter , lower than the
same quarter last year, when the company reported EPS of -8
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 9 cents per share. Wall Street expected
results to range from -10 cents to -8 cents per share.
    * Revenue fell 10.8% to $53.97 million from a year ago;
analysts
expected $53.58 million. 
    * indie Semiconductor Inc's reported EPS for the quarter was
a
loss of 28 cents​.
    * The company reported a quarterly loss of $49.68 million.
    * indie Semiconductor Inc shares had fallen by 14.0% this
quarter and lost 57.7% so far this year.

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 8 "strong buy" or "buy," no
"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 indie
Semiconductor Inc is $8.00 
This summary was machine generated from LSEG data November 8 at
09:46 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
 Jan. 1 0001       -0.09          -0.09          Met
 Jun. 30 2024      -0.09          -0.09          Met
 Mar. 31 2024      -0.08          -0.11          Missed
 Dec. 31 2023      -0.01          -0.01          Met