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

Intevac

01/11/2023 23:28

* Intevac Inc  IVAC.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -13 cents.  The mean expectation of two analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -14 cents to -13 cents per share.
    * Revenue rose 66.7% to $17.92 million from a year ago;
analysts
expected $12.50 million. 
    * Intevac Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $1.58 million.
    * Intevac Inc shares had risen by 3.2% this quarter and
lost 50.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 22.9%
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 November 1 at
11:28 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.13          -0.06          Beat
 Jun. 30 2023      -0.21          -0.19          Beat
 Mar. 31 2023      -0.18          -0.15          Beat
 Dec. 31 2022      -0.18          -0.12          Beat