Silicon Laboratories Inc expected to post a loss of 21 cents a share - Earnings Preview

Silicon Laboratories

01/11/2024 15:08

* Silicon Laboratories Inc  SLAB.OQ   SLAB.O  is expected
to show
a fall in quarterly revenue when it reports  results on November
4 for the period ending September 30 2024
    * The Austin Texas-based  company is expected to report a
18.9% decrease in revenue to $165.206 million from $203.76
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on July 24
2024, for the period ended September 30, was for revenue between
$160.00 million and $170.00 million. (Majority is on Total
Revenue basis)
    * ​LSEG's mean analyst estimate for Silicon Laboratories Inc
is
for a loss of 21 cents per share. The company's EPS guidance on
July 24 2024, for the period ended September 30, was between
$-0.30 and $-0.10 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "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 $136.50​, above​ its last closing price
of $103.86. ​​​

The company's guidance on July 24 2024 for the period ended
September 30 was for gross profit margin between USD54% and
USD56%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.64       -0.64      -0.56     Beat    12.5
 Mar. 31 2024  -0.98       -0.98      -0.92     Beat    6.1
 Dec. 31 2023  -1.43       -1.43      -1.19     Beat    16.8​
 Sep. 30 2023  0.60        0.61       0.62      Beat    1.6
 ​​Jun.        1.03        1.03       1.04      Beat    1
 30 2023                                                
 Jan. 1 0001   1.11        1.11       1.12      Beat    1.1​
 Dec. 31 2022  0.98        0.98       1.31      Beat    34
 Sep. 30 2022  1.13        1.12       1.21      Beat    8.2
 This summary was machine generated November 1 at 15:08 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)