Intevac Inc expected to post a loss of 20 cents a share - Earnings Preview

Intevac

03/08/2024 24:32

* Intevac Inc  IVAC.OQ   IVAC.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 5 for the
period ending June 30 2024
    * The Santa Clara California-based  company is expected to
report
a 19.4% decrease in revenue to $8.3 million from $10.3 million a
year ago, according to the estimate from one analyst, based on
LSEG data.The company's guidance on April 25 2024, for the
period ended June 30, was for revenue between $7.50 million and
$8.50 million.
    * ​LSEG's mean analyst estimate for Intevac Inc is for a
loss
of 20 cents per share. The company's EPS guidance on April 25
2024, for the period ended June 30, was between $-0.22 and
$0.20 
    * The one available analyst rating on the shares is
"hold".  
    * 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 $3.61. ​​​

The company's guidance on April 25 2024 for the period ended
June 30 was for gross profit margin between USD34% and USD37%.
This summary was machine generated August 2 at 23:32 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)