Navitas Semiconductor Corp expected to post a loss of 8 cents a share - Earnings Preview

Navitas Semiconductor

22/02/2023 03:04

* Navitas Semiconductor Corp  NVTS.OQ   NVTS.O  is expected
to show a rise in quarterly revenue when it reports  results on
February 23. 
    * The Torrance California-based  company is expected to
report  a
63.5% increase in revenue to $12.001 million from $7.34 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Navitas
Semiconductor
Corp is for a loss of 8 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"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 $7.5​, above​ its last closing price
of $5.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Dec. 31 2021  -0.08       -0.08      -0.07     Beat    7.9
 ​​                                                     
                                                        ​
 This summary was machine generated February 22 at 03:04 GMT. 
All figures in US dollars  unless otherwise stated