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

Pixelworks

14/05/2024 22:48

* Pixelworks Inc  PXLW.OQ  reported a quarterly adjusted
loss of 7
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of three analysts for the quarter
was for a loss of 8 cents per share. Wall Street expected
results to range from -8 cents to -7 cents per share.
    * Revenue rose 61.1% to $16.05 million from a year ago;
analysts
expected $16.00 million. 
    * Pixelworks Inc's reported EPS for the quarter was a loss
of 9
cents​.
    * The company reported a quarterly loss of $5.07 million.
    * Pixelworks Inc shares had fallen by 29.7% this quarter and
gained 38.5% 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
$3.50 
This summary was machine generated from LSEG data May 14 at
09:48 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
 Mar. 31 2024      -0.08          -0.07          Beat
 Dec. 31 2023      -0.04          -0.05          Missed
 Sep. 30 2023      -0.11          -0.10          Beat
 Jun. 30 2023      -0.10          -0.09          Beat