Silicon Laboratories Inc expected to post a loss of $1.43 a share - Earnings Preview

Silicon Laboratories

29/01/2024 14:40

* Silicon Laboratories Inc  SLAB.OQ   SLAB.O  is expected
to show
a fall in quarterly revenue when it reports  results on January
31 for the period ending December 31 2023
    * The Austin Texas-based  company is expected to report a
66.9% decrease in revenue to $85.165 million from $257.33
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on November
1 2023, for the period ended December 31, was for revenue
between $70.00 million and $100.00 million. (Majority is on
Total Revenue basis)
    * ​LSEG's mean analyst estimate for Silicon Laboratories Inc
is
for a loss of $1.43 per share. The company's EPS guidance on
November 1 2023, for the period ended December 31, was between
$-1.66 and $-1.22 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and 1 "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 Silicon
Laboratories Inc is $135.00​, above​ its last closing price
of $128.43. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for gross profit margin of USD53%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.60        0.61       0.62      Beat    1.6
 Jun. 30 2023  1.03        1.03       1.04      Beat    1
 Mar. 31 2023  1.11        1.11       1.12      Beat    1.1​
 Dec. 31 2022  0.98        0.98       1.31      Beat    34
 ​​Sep.        1.13        1.12       1.21      Beat    8.2
 30 2022                                                
 Jun. 30 2022  0.90        0.90       1.17      Beat    30​
 Mar. 31 2022  0.65        0.64       1.05      Beat    63.1
 Dec. 31 2021  0.57        0.57       0.77      Beat    35.5
 This summary was machine generated January 29 at 14:39 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)