Navitas Semiconductor Corp expected to post a loss of 6 cents a share - Earnings Preview

Navitas Semiconductor

02/11/2024 04:04

* Navitas Semiconductor Corp  NVTS.OQ   NVTS.O  is expected
to show a fall in quarterly revenue when it reports  results on
November 4 for the period ending September 30 2024
    * The Torrance California-based  company is expected to
report a
0.2% decrease in revenue to $21.932 million from $21.98 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Navitas Semiconductor
Corp is
for a loss of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "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 Navitas
Semiconductor Corp is $5.50​, above​ its last closing price
of $2.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.06       -0.06      -0.07     Missed  -9
 Mar. 31 2024  -0.05       -0.05      -0.06     Missed  -10.6
 Dec. 31 2023  -0.04       -0.05      -0.04     Beat    12.6​
 Sep. 30 2023  -0.05       -0.05      -0.04     Beat    23.7
 ​​Jun.        -0.07       -0.07      -0.05     Beat    28.6
 30 2023                                                
 Mar. 31 2023  -0.08       -0.08      -0.07     Beat    9.7​
 Dec. 31 2022  -0.08       -0.08      -0.06     Beat    26.4
 Jan. 1 0001   -0.07       -0.07      -0.07     Met     2.3
 This summary was machine generated November 2 at 04:03 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)