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

Pixelworks

08/08/2024 05:24

* Pixelworks Inc  PXLW.OQ  reported a quarterly adjusted
loss
of 13 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -9 cents.  The mean expectation of three analysts for the
quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -15 cents to -14 cents per share.
    * Revenue fell 37.3% to $8.54 million from a year ago;
analysts
expected $8.50 million. 
    * Pixelworks Inc's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $10.15 million.
    * Pixelworks Inc shares had fallen by 15.5% this quarter and
lost 36.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 96.3%
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
$2.50 
This summary was machine generated from LSEG data August 8 at
04:24 a.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
 Jun. 30 2024      -0.14          -0.13          Beat
 Mar. 31 2024      -0.08          -0.07          Beat
 Dec. 31 2023      -0.04          -0.05          Missed
 Sep. 30 2023      -0.11          -0.10          Beat