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

Power Integrations

07/05/2024 22:41

* Power Integrations Inc  POWI.OQ  reported quarterly
adjusted
earnings of 18 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 25 cents.  The mean expectation of six analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from 9 cents to 14 cents per share.
    * Revenue fell 13.7% to $91.69 million from a year ago;
analysts
expected $89.95 million. 
    * Power Integrations Inc's reported EPS for the quarter was
7
cents​.
    * The company reported quarterly net income of $3.95
million.
    * Power Integrations Inc shares had fallen by 2.6% this
quarter and lost 15.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.9%
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 May 7 at 09:41
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      0.12           0.18           Beat
 Dec. 31 2023      0.15           0.22           Beat
 Sep. 30 2023      0.47           0.46           Missed
 Jun. 30 2023      0.34           0.36           Beat