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

Intevac

25/04/2024 15:20

* Intevac Inc  IVAC.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -15
cents.  The lone analyst forecast for the quarter was for a loss
of 17 cents per share. 
    * Revenue fell 16.6% to $9.63 million from a year ago;
analysts
expected $6.50 million. 
    * Intevac Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $1.61 million.
    * Intevac Inc shares had fallen by 3.6% this quarter and
lost 14.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.2%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for Intevac Inc is
$7.34 
This summary was machine generated from LSEG data April 25 at
02:20 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
 Mar. 31 2024      -0.17          -0.06          Beat
 Dec. 31 2023      -0.12          -0.07          Beat
 Sep. 30 2023      -0.13          -0.06          Beat
 Jun. 30 2023      -0.21          -0.19          Beat