indie Semiconductor Inc reports results for the quarter ended in December - Earnings Summary

indie Semiconductor

23/02/2024 18:30

* indie Semiconductor Inc  INDI.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -11 cents.  The mean expectation of
seven analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -1 cents
tozero cents per share.
    * Revenue rose 112.4% to $70.13 million from a year ago;
analysts
expected $72.56 million. 
    * indie Semiconductor Inc's reported EPS for the quarter was
a
loss of 9 cents​.
    * The company reported a quarterly loss of $14.11 million.
    * indie Semiconductor Inc shares had fallen by 15.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
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 7 "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 $12.00 
This summary was machine generated from LSEG data February 23 at
06:29 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
 Dec. 31 2023      -0.01          -0.01          Met
 Sep. 30 2023      -0.08          -0.08          Met
 Jun. 30 2023      -0.09          -0.10          Missed
 Mar. 31 2023      -0.11          -0.10          Beat