Silicon Laboratories Inc expected to post a loss of 64 cents a share - Earnings Preview

Silicon Laboratories

22/07/2024 17:11

* Silicon Laboratories Inc  SLAB.OQ   SLAB.O  is expected
to show
a fall in quarterly revenue when it reports  results on July 24
for the period ending June 30 2024
    * The Austin Texas-based  company is expected to report a
42.8% decrease in revenue to $140.157 million from $244.87
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on April 24
2024, for the period ended June 30, was for revenue between
$135.00 million and $145.00 million. (Majority is on Total
Revenue basis)
    * ​LSEG's mean analyst estimate for Silicon Laboratories Inc
is
for a loss of 64 cents per share. The company's EPS guidance on
April 24 2024, for the period ended June 30, was between $-0.70
and $-0.58 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "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 $145.00​, above​ its last closing price
of $110.33. ​​​

The company's guidance on April 24 2024 for the period ended
June 30 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  
 Mar. 31 2024  -0.98       -0.98      -0.92     Beat    6.1
 Dec. 31 2024  -1.43       -1.43      -1.19     Beat    16.8
 Sep. 30 2023  0.60        0.61       0.62      Beat    1.6​
 Jun. 30 2023  1.03        1.03       1.04      Beat    1
 ​​Mar.        1.11        1.11       1.12      Beat    1.1
 31 2023                                                
 Jan. 1 0001   0.98        0.98       1.31      Beat    34​
 Sep. 30 2022  1.13        1.12       1.21      Beat    8.2
 Jun. 30 2022  0.90        0.90       1.17      Beat    30
 This summary was machine generated July 22 at 16:11 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)