Maxeon Solar Technologies Ltd expected to post a loss of 99 cents a share - Earnings Preview
28/05/2024 01:32
* Maxeon Solar Technologies Ltd MAXN.OQ MAXN.O is
expected
to show a fall in quarterly revenue when it reports results on
May 30 for the period ending March 31 2024
* The Singapore-based company is expected to report a
39.1% decrease in revenue to $193.905 million from $318.33
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on April 8
2024, for the period ended March 31, was for revenue of $186.000
million.
* LSEG's mean analyst estimate for Maxeon Solar
Technologies Ltd
is for a loss of 99 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by
about 9.9%
in the last three months.
* Wall Street's median 12-month price target for Maxeon
Solar
Technologies Ltd is $5.00, above its last closing price
of $3.03.
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 -1.06 -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
Mar. 31 2023 -0.52 -0.47 0.46 Beat 197.5
Dec. -1.27 -1.27 -1.84 Missed -44.3
31 2022
Sep. 30 2022 -1.61 -1.56 -1.09 Beat 30.1
Jun. 30 2022 -1.63 -1.60 -2.15 Missed -34.1
Jan. 1 0001 -1.31 -1.30 -1.45 Missed -11.5
This summary was machine generated May 28 at 00:32 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)