Power Integrations Inc reports results for the quarter ended in September 30 - Earnings Summary

Power Integrations

07/11/2024 05:16

* Power Integrations Inc  POWI.OQ  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 46 cents.  The mean expectation of five analysts
for the quarter was for earnings of 36 cents per share. 
    * Revenue fell 7.7% to $115.84 million from a year ago;
analysts
expected $114.78 million. 
    * Power Integrations Inc's reported EPS for the quarter was
25
cents​.
    * The company reported quarterly net income of $14.29
million.
    * Power Integrations Inc shares had risen by 3.6% this
quarter and
lost 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 4 "strong buy" or "buy," 1
"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 $80.00 
This summary was machine generated from LSEG data November 7 at
05:16 a.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
 Sep. 30 2024      0.36           0.40           Beat
 Jun. 30 2024      0.26           0.28           Beat
 Mar. 31 2024      0.12           0.18           Beat
 Dec. 31 2023      0.15           0.22           Beat