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

Intevac

05/02/2024 22:52

* Intevac Inc  IVAC.OQ  reported a quarterly adjusted loss
of 7
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -12
cents.  The mean expectation of two analysts for the quarter was
for a loss of 12 cents per share. 
    * Revenue rose 14.6% to $12.91 million from a year ago;
analysts
expected $9.70 million. 
    * Intevac Inc's reported EPS for the quarter was a loss of 7
cents​.
    * The company reported a quarterly loss of $1.85 million.
    * Intevac Inc shares had fallen by 7.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is  "hold."

Wall Street's median 12-month price target for Intevac Inc is
$7.34 
This summary was machine generated from LSEG data February 5 at
10:51 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      -0.12          -0.07          Beat
 Sep. 30 2023      -0.13          -0.06          Beat
 Jun. 30 2023      -0.21          -0.19          Beat
 Mar. 31 2023      -0.18          -0.15          Beat