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

Navitas Semiconductor

12/05/2023 22:34

* Navitas Semiconductor Corp  NVTS.OQ   NVTS.O  is expected
to show a rise in quarterly revenue when it reports  results on
May 15. 
    * The Torrance California-based  company is expected to
report  a
82.5% increase in revenue to $12.304 million from $6.74 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 $8​, above​ its last closing price
of $6.23. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -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. 31 2022  -0.08       -0.08      -0.08     Met     3.5
 ​​Dec.        -0.08       -0.08      -0.07     Beat    7.9
 31 2021                                                
                                                        ​
 This summary was machine generated May 12 at 21:34 GMT.  All
figures in US dollars  unless otherwise stated