Maxlinear Inc reports results for the quarter ended in June - Earnings Summary

MaxLinear

24/07/2024 23:18

* Maxlinear Inc  MXL.OQ  reported a quarterly adjusted loss
of 25
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 34
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 19 cents per share. Wall Street expected
results to range from -21 cents to -16 cents per share.
    * Revenue fell 50% to $91.99 million from a year ago;
analysts
expected $100.04 million. 
    * Maxlinear Inc's reported EPS for the quarter was a loss
of 47
cents​.
    * The company reported a quarterly loss of $39.27 million.
    * Maxlinear Inc shares had risen by 16.6% this quarter and
lost 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.7%
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 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Maxlinear Inc is
$26.50 
This summary was machine generated from LSEG data July 24 at
10:18 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
 Jun. 30 2024      -0.19          -0.25          Missed
 Mar. 31 2024      -0.22          -0.21          Beat
 Dec. 31 2023      0.01           0.01           Met
 Sep. 30 2023      0.04           0.02           Missed