Power Integrations Inc expected to post earnings of 15 cents a share - Earnings Preview

Power Integrations

06/02/2024 22:57

* Power Integrations Inc  POWI.OQ   POWI.O  is expected
to show a
fall in quarterly revenue when it reports  results on February 8
for the period ending December 31 2023
    * The San Jose California-based  company is expected to
report a
27.7% decrease in revenue to $90.167 million from $124.77
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on November
7 2023, for the period ended December 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 15 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 $81.00​, above​ its last closing price
of $74.42. ​​​

The company's guidance on November 7 2023 for the period ended
December 31 was for gross profit margin of USD53.3%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.47        0.47       0.46      Missed  -2.8
 Jun. 30 2023  0.34        0.34       0.36      Beat    6.4
 Mar. 31 2023  0.25        0.25       0.25      Met     1.4​
 Dec. 31 2022  0.46        0.46       0.48      Beat    4.7
 ​​Sep.        0.83        0.83       0.84      Beat    1.2
 30 2022                                                
 Jun. 30 2022  0.98        0.98       1.03      Beat    5.3​
 Mar. 31 2022  0.87        0.87       0.93      Beat    6.7
 Dec. 31 2021  0.75        0.75       0.83      Beat    11.2
 This summary was machine generated February 6 at 22:57 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)