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

Power Integrations

06/08/2024 23:21

* Power Integrations Inc  POWI.OQ  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 36 cents.  The mean expectation of six analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 25 cents to 30 cents per share.
    * Revenue fell 13.8% to $106.20 million from a year ago;
analysts
expected $105.05 million. 
    * Power Integrations Inc's reported EPS for the quarter was
9
cents​.
    * The company reported quarterly net income of $4.85
million.
    * Power Integrations Inc shares had fallen by 7.9% this
quarter and lost 21.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.9%
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," 3
"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 Power
Integrations Inc is $85.00 
This summary was machine generated from LSEG data August 6 at
10:21 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
 Jun. 30 2024      0.26           0.28           Beat
 Mar. 31 2024      0.12           0.18           Beat
 Dec. 31 2023      0.15           0.22           Beat
 Sep. 30 2023      0.47           0.46           Missed