Pixelworks Inc expected to post a loss of 14 cents a share - Earnings Preview

Pixelworks

06/08/2024 03:03

* Pixelworks Inc  PXLW.OQ   PXLW.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Portland Oregon-based  company is expected to report a
37.5% decrease in revenue to $8.5 million from $13.61 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.The company's guidance on May 14 2024, for the
period ended June 30, was for revenue between $8.00 million and
$9.00 million.
    * ​LSEG's mean analyst estimate for Pixelworks Inc is for a
loss
of 14 cents per share. The company's EPS guidance on May 14
2024, for the period ended June 30, was between $-0.16 and
$-0.13 
    * 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
$2.50​, above​ its last closing price of $0.85. ​​​

The company's guidance on May 14 2024 for the period ended June
30 was for gross profit margin between USD50% and USD52%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.07       -0.08      -0.07     Beat    7.1
 Dec. 31 2024  -0.04       -0.04      -0.05     Missed  -24
 Jan. 1 0001   -0.11       -0.11      -0.10     Beat    6.3​
 Jun. 30 2023  -0.09       -0.10      -0.09     Beat    6.9
 ​​Mar.        -0.16       -0.16      -0.15     Beat    5.5
 31 2023                                                
 Dec. 31 2022  -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
 This summary was machine generated August 6 at 02:03 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)