Maxeon Solar Technologies Ltd expected to post a loss of $1.12 a share - Earnings Preview

Maxeon Solar Technologies

16/08/2024 09:53

* Maxeon Solar Technologies Ltd  MAXN.OQ   MAXN.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 19 (estimated) for the period ending June 30 2024
    * The  Singapore-based   company is expected to report a
49.2% decrease in revenue to $177.019 million from $348.37
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on May 30
2024, for the period ended June 30, was for revenue between
$160.00 million and $200.00 million.
    * ​LSEG's mean analyst estimate for Maxeon Solar
Technologies Ltd
is for a loss of $1.12 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "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 Maxeon
Solar
Technologies Ltd is $1.00​, above​ its last closing price
of $0.13. ​​​

The company's guidance on May 30 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 160 million and -31 million (USD).The
company's guidance on May 30 2024 for the period ended June 30
was for Capital Expenditures between USD15 million and USD25
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -1.02       -0.99      -1.59     Missed  -60.2
 Dec. 31 0001              -1.67                        
 Sep. 30 2023  -0.94       -0.93      -2.21     Missed  -137.6
                                                        ​
 Jun. 30 2023  -0.11       -0.10      -0.03     Beat    69.5
 ​​Jan.        -0.52       -0.47      0.46      Beat    197.5
 1 0001                                                 
 Dec. 31 2022  -1.27       -1.27      -1.84     Missed  -44.3​
 Jan. 1 0001   -1.61       -1.56      -1.09     Beat    30.1
 Jun. 30 2022  -1.63       -1.60      -2.15     Missed  -34.1
 This summary was machine generated August 16 at 08:53 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)