Maxlinear Inc expected to post a loss of 19 cents a share - Earnings Preview

MaxLinear

23/07/2024 24:11

* Maxlinear Inc  MXL.OQ   MXL.O  is expected to show a fall
in
quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Carlsbad California-based  company is expected to
report a
45.6% decrease in revenue to $100.044 million from $183.94
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on April 24
2024, for the period ended June 30, was for revenue between
$90.00 million and $110.00 million.
    * ​LSEG's mean analyst estimate for Maxlinear Inc is for a
loss
of 19 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"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 Maxlinear
Inc is
$26.50​, above​ its last closing price of $25.06. ​​​

The company's guidance on April 24 2024 for the period ended
June 30 was for gross profit margin between USD58.5% and
USD61.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.21       -0.22      -0.21     Beat    3.2
 Dec. 31 2024  0.01        0.01       0.01      Met     28.5
 Sep. 30 2023  0.04        0.04       0.02      Missed  -45.9​
 Jun. 30 2023  0.33        0.33       0.34      Beat    1.8
 ​​Mar.        0.70        0.70       0.74      Beat    5.2
 31 2023                                                
 Dec. 31 2022  1.07        1.06       1.07      Beat    0.8​
 Sep. 30 2022  1.04        1.04       1.05      Beat    1.3
 Jun. 30 2022  1.01        1.01       1.11      Beat    10.1
 This summary was machine generated July 22 at 23:11 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)