Pixelworks Inc reports results for the quarter ended in December - Earnings Summary

Pixelworks

08/02/2024 23:17

* Pixelworks Inc  PXLW.OQ  reported a quarterly adjusted
loss of 5
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of three analysts for the quarter
was for a loss of 4 cents per share. Wall Street expected
results to range from -5 cents to -3 cents per share.
    * Revenue rose 18.9% to $20.07 million from a year ago;
analysts
expected $20.00 million. 
    * Pixelworks Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $3.74 million.
    * Pixelworks Inc shares had risen by 60.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$3.00 
This summary was machine generated from LSEG data February 8 at
11:17 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
 Dec. 31 2023      -0.04          -0.05          Missed
 Sep. 30 2023      -0.11          -0.10          Beat
 Jun. 30 2023      -0.10          -0.09          Beat
 Mar. 31 2023      -0.16          -0.15          Beat