Navitas Semiconductor Corp expected to post a loss of 5 cents a share - Earnings Preview

Navitas Semiconductor

08/05/2024 03:06

* Navitas Semiconductor Corp  NVTS.OQ   NVTS.O  is expected
to show a rise in quarterly revenue when it reports  results on
May 9 for the period ending January 1 0001
    * The Torrance California-based  company is expected to
report a
71.6% increase in revenue to $22.929 million from $13.36 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Navitas Semiconductor
Corp is
for a loss of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Navitas
Semiconductor Corp is $10.00​, above​ its last closing price
of $4.69. ​​​

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  -0.04       -0.05      -0.04     Beat    12.6
 Jan. 1 2023   -0.05       -0.05      -0.04     Beat    23.7
 Jun. 30 2023  -0.07       -0.07      -0.05     Beat    28.6​
 Mar. 31 2023  -0.08       -0.08      -0.07     Beat    9.7
 ​​Dec.        -0.08       -0.08      -0.06     Beat    26.4
 31 2022                                                
 Sep. 30 2022  -0.07       -0.07      -0.07     Met     2.3​
 Jun. 30 2022  -0.09       -0.09      -0.07     Beat    20.6
 Mar. 31 2022  -0.08       -0.08      -0.08     Met     3.5
 This summary was machine generated May 8 at 02:06 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)