Silicom Ltd reports results for the quarter ended in June - Earnings Summary

Silicom

29/07/2024 17:03

* Silicom Ltd  SILC.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 66
cents.  The lone analyst forecast for the quarter was for a loss
of 35 cents per share. 
    * Revenue fell 62% to $14.50 million from a year ago;
analysts
expected $15.25 million. 
    * Silicom Ltd shares had risen by 6.5% this quarter and
lost 11.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3,600% 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Silicom Ltd
is
$20.00 

This summary was machine generated from LSEG data July 29 at
04:02 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      -0.35          -0.14          Beat
 Mar. 31 2024      -0.23          -0.38          Missed
 Dec. 31 2023      -0.03          -0.07          Missed
 Sep. 30 2023      0.24           0.30           Beat