Power Integrations Inc expected to post earnings of 12 cents a share - Earnings Preview

Power Integrations

04/05/2024 03:04

* Power Integrations Inc  POWI.OQ   POWI.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 7 for
the period ending March 31 2024
    * The San Jose California-based  company is expected to
report a
15.4% decrease in revenue to $89.95 million from $106.3 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.The company's guidance on February 8 2024,
for the period ended March 31, was for revenue between $85.00
million and $95.00 million.
    * ​LSEG's mean analyst estimate for Power Integrations Inc
is for
earnings of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"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 Power
Integrations Inc is $85.00​, above​ its last closing price
of $68.60. ​​​

The company's guidance on February 8 2024 for the period ended
March 31 was for gross profit margin of USD52.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.15        0.15       0.22      Beat    48.3
 Sep. 30 2023  0.47        0.47       0.46      Missed  -2.8
 Jan. 1 0001   0.34        0.34       0.36      Beat    6.4​
 Jan. 1 0001   0.25        0.25       0.25      Met     1.4
 ​​Jan.        0.46        0.46       0.48      Beat    4.7
 1 0001                                                 
 Sep. 30 2022              0.83       0.84      Beat    1.2​
 Jun. 30 2022              0.98       1.03      Beat    5.3
 Mar. 31 2022  0.87        0.87       0.93      Beat    6.7
 This summary was machine generated May 4 at 02:04 GMT.  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)