Pixelworks Inc expected to post a loss of 16 cents a share - Earnings Preview

Pixelworks

06/05/2023 03:11

* Pixelworks Inc  PXLW.OQ   PXLW.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 9. 
    * The Portland Oregon-based  company is expected to report 
a
39.9% decrease in revenue to $10 million from $16.63 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. The company's guidance on February 9 2023,
for the period ended March 31, was for revenue between $9.00
million and $11.00 million.
    * ​Refinitiv's mean analyst estimate for Pixelworks Inc is
for a
loss of 16 cents per share. The company's EPS guidance on
February 9 2023, for the period ended March 31, was between
$-0.18 and $-0.14 
    * 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 $1.43. ​​​

The company's guidance on February 9 2023 for the period ended
March 31 was for gross profit margin between USD43% and USD45%.
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  -0.02       -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. 31 2022  -0.07       -0.07      -0.06     Beat    14.3
 ​​Dec.        -0.05       -0.05      -0.03     Beat    40
 31 2021                                                
 Sep. 30 2021  -0.05       -0.05      -0.04     Beat    23.4​
 Jun. 30 2021  -0.07       -0.07      -0.05     Beat    25
 Mar. 31 2021  -0.12       -0.12      -0.12     Met     0
 This summary was machine generated May 6 at 02:11 GMT.  All
figures in US dollars  unless otherwise stated