Maxlinear Inc expected to post a loss of 22 cents a share - Earnings Preview

MaxLinear

22/04/2024 21:42

* Maxlinear Inc  MXL.OQ   MXL.O  is expected to show a fall
in
quarterly revenue when it reports  results on April 24 for the
period ending March 31 2024
    * The Carlsbad California-based  company is expected to
report a
62.2% decrease in revenue to $93.933 million from $248.44
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on January
31 2024, for the period ended March 31, was for revenue between
$85.00 million and $105.00 million.
    * ​LSEG's mean analyst estimate for Maxlinear Inc is for a
loss
of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"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
$20.00​, above​ its last closing price of $19.65. ​​​

The company's guidance on January 31 2024 for the period ended
March 31 was for gross profit margin between USD59.5% and
USD62.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  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. 31 2023  0.70        0.70       0.74      Beat    5.2
 ​​Dec.        1.07        1.06       1.07      Beat    0.8
 31 2022                                                
 Sep. 30 2022  1.04        1.04       1.05      Beat    1.3​
 Jun. 30 2022  1.01        1.01       1.11      Beat    10.1
 Mar. 31 2022  0.91        0.91       1.00      Beat    9.7
 This summary was machine generated April 22 at 20:42 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)