Power Integrations Inc expected to post earnings of 26 cents a share - Earnings Preview

Power Integrations

03/08/2024 03:04

* Power Integrations Inc  POWI.OQ   POWI.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 6
for the period ending June 30 2024
    * The San Jose California-based  company is expected to
report a
14.7% decrease in revenue to $105.05 million from $123.22
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
$100.00 million and $110.00 million.
    * ​LSEG's mean analyst estimate for Power Integrations Inc
is for
earnings of 26 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 $66.21. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for gross profit margin between USD53.5% and USD54%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.12        0.12       0.22      Beat    46
 Dec. 31 2024  0.15        0.15       0.22      Beat    48.3
 Sep. 30 2023  0.47        0.47       0.46      Missed  -2.8​
 Jun. 30 2023              0.34       0.36      Beat    6.4
 ​​Jan.                    0.25       0.25      Met     1.4
 1 0001                                                 
 Dec. 31 2022  0.46        0.46       0.48      Beat    4.7​
 Sep. 30 2022  0.83        0.83       0.84      Beat    1.2
 Jun. 30 2022  0.98        0.98       1.03      Beat    5.3
 This summary was machine generated August 3 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)