Pixelworks Inc reports results for the quarter - Earnings Summary

Pixelworks

13/11/2024 15:33

* Pixelworks Inc  PXLW.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter , lower than the same
quarter last year, when the company reported EPS of -10 cents. 
The mean expectation of three analysts for the quarter was for a
loss of 13 cents per share. Wall Street expected results to
range from -13 cents to
    * Revenue fell 40.6% to $9.53 million from a year ago;
analysts
expected $9.50 million. 
    * Pixelworks Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $8.14 million.
    * Pixelworks Inc shares had fallen by 4.8% this quarter and
lost 48.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Pixelworks Inc is
1.50 
This summary was machine generated from LSEG data November 13 at
03:33 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.13          -0.12          Beat
 Jun. 30 2024      -0.14          -0.13          Beat
 Mar. 31 2024      -0.08          -0.07          Beat
 Dec. 31 2023      -0.04          -0.05          Missed