Maxlinear Inc reports results for the quarter ended in September 30 - Earnings Summary

MaxLinear

24/10/2024 04:06

* Maxlinear Inc  MXL.OQ  reported a quarterly adjusted loss
of 36
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 2
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 32 cents per share. Wall Street expected
results to range from -35 cents to -30 cents per share.
    * Revenue fell 40.2% to $81.10 million from a year ago;
analysts
expected $79.87 million. 
    * Maxlinear Inc's reported EPS for the quarter was a loss
of 90
cents​.
    * The company reported a quarterly loss of $75.79 million.
    * Maxlinear Inc shares had risen by 0.1% this quarter and
lost 39.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.8%
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 "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "hold"

Wall Street's median 12-month price target for Maxlinear Inc is
18.00 
This summary was machine generated from LSEG data October 24 at
03:06 a.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
 Sep. 30 2024      -0.32          -0.36          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