Intevac Inc expected to post a loss of 12 cents a share - Earnings Preview

Intevac

02/02/2024 22:12

* Intevac Inc  IVAC.OQ   IVAC.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 5 for the
period ending December 31 2023
    * The Santa Clara California-based  company is expected to
report
a 13.8% decrease in revenue to $9.7 million from $11.26 million
a year ago, according to the estimate from one analyst, based on
LSEG data.The company's guidance on November 1 2023, for the
period ended December 31, was for revenue between $9.50 million
and $11.00 million.
    * ​LSEG's mean analyst estimate for Intevac Inc is for a
loss
of 12 cents per share. The company's EPS guidance on November 1
2023, for the period ended December 31, was between $-0.13 and
$-0.10 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "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 Intevac Inc
is
$7.34​, above​ its last closing price of $4.08. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for gross profit margin between USD39% and
USD41%.
This summary was machine generated February 2 at 22:12 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)