Pixelworks Inc expected to post a loss of 13 cents a share - Earnings Preview

Pixelworks

08/11/2024 21:40

* Pixelworks Inc  PXLW.OQ   PXLW.O  is expected to show a
fall in
quarterly revenue when it reports  results on November 12 for
the period ending September 30 2024
    * The Portland Oregon-based  company is expected to report a
40.7% decrease in revenue to $9.5 million from $16.03 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.The company's guidance on August 7 2024, for the
period ended September 30, was for revenue between $9.00 million
and $10.00 million.
    * ​LSEG's mean analyst estimate for Pixelworks Inc is for a
loss
of 13 cents per share. The company's EPS guidance on August 7
2024, for the period ended September 30, was between $-0.14 and
$-0.11 
    * 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
2.00​, above​ its last closing price of $0.71. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for gross profit margin between USD49% and
USD51%.
This summary was machine generated November 8 at 21:39 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)