Navitas Semiconductor Corp expected to post a loss of 7 cents a share - Earnings Preview

Navitas Semiconductor

12/08/2023 03:04

* Navitas Semiconductor Corp  NVTS.OQ   NVTS.O  is expected
to show a rise in quarterly revenue when it reports  results on
August 14. 
    * The Torrance California-based  company is expected to
report  a
91.7% increase in revenue to $16.503 million from $8.61 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Navitas
Semiconductor
Corp is for a loss of 7 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Navitas
Semiconductor Corp is $10​, above​ its last closing price
of $8.30. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.08       -0.08      -0.07     Beat    9.7
 Dec. 31 2023  -0.08       -0.08      -0.06     Beat    26.4
 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.        -0.08       -0.08      -0.08     Met     3.5
 31 2022                                                
 Dec. 31 2021  -0.08       -0.08      -0.07     Beat    7.9​
 This summary was machine generated August 12 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated