Pixelworks Inc expected to post a loss of 10 cents a share - Earnings Preview

Pixelworks

05/08/2023 03:19

* Pixelworks Inc  PXLW.OQ   PXLW.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 8. 
    * The Portland Oregon-based  company is expected to report 
a
30.1% decrease in revenue to $13.333 million from $19.08 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on May 9 2023,
for the period ended June 30, was for revenue between $12.50
million and $14.50 million.
    * ​Refinitiv's mean analyst estimate for Pixelworks Inc is
for a
loss of 10 cents per share. The company's EPS guidance on May 9
2023, for the period ended June 30, was between $-0.12 and
$-0.08 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 Pixelworks
Inc is
$3​, above​ its last closing price of $1.66. ​​​

The company's guidance on May 9 2023 for the period ended June
30 was for gross profit margin between USD40% and USD42%.
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  -0.16       -0.16      -0.15     Beat    5.5
 Dec. 31 2023  -0.02       -0.02      -0.01     Beat    40
 Sep. 30 2022  -0.06       -0.06      -0.06     Met     5.3​
 Jun. 30 2022  -0.08       -0.08      -0.06     Beat    24.4
 ​​Mar.        -0.07       -0.07      -0.06     Beat    14.3
 31 2022                                                
 Dec. 31 2021  -0.05       -0.05      -0.03     Beat    40​
 Sep. 30 2021  -0.05       -0.05      -0.04     Beat    23.4
 Jun. 30 2021  -0.07       -0.07      -0.05     Beat    25
 This summary was machine generated August 5 at 02:19 GMT.  All
figures in US dollars  unless otherwise stated