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

MaxLinear

24/04/2024 22:40

* Maxlinear Inc  MXL.OQ  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 74
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of 22 cents per share. Wall Street expected
results to range from -32 cents to -18 cents per share.
    * Revenue fell 61.7% to $95.27 million from a year ago;
analysts
expected $93.93 million. 
    * Maxlinear Inc's reported EPS for the quarter was a loss
of 88
cents​.
    * The company reported a quarterly loss of $72.31 million.
    * Maxlinear Inc shares had risen by 11.3% this quarter and
lost 12.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9,874.8% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is  "hold."

Wall Street's median 12-month price target for Maxlinear Inc is
$20.00 
This summary was machine generated from LSEG data April 24 at
09:40 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      -0.22          -0.21          Beat
 Dec. 31 2023      0.01           0.01           Met
 Sep. 30 2023      0.04           0.02           Missed
 Jun. 30 2023      0.33           0.34           Beat