Silicon Laboratories Inc reports results for the quarter ended in March - Earnings Summary

Silicon Laboratories

24/04/2024 15:31

* Silicon Laboratories Inc  SLAB.OQ  reported a quarterly
adjusted
loss of 92 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.12.  The mean expectation of twelve analysts for the
quarter was for a loss of 98 cents per share. Wall Street
expected results to range from -99 cents to -96 cents per share.
    * Revenue fell 56.9% to $106.38 million from a year ago;
analysts
expected $105.08 million. 
    * Silicon Laboratories Inc's reported EPS for the quarter
was a
loss of $1.77​.
    * The company reported a quarterly loss of $56.53 million.
    * Silicon Laboratories Inc shares had fallen by 12.7% this
quarter and lost 5.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.6%
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 "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "hold"

Wall Street's median 12-month price target for Silicon
Laboratories Inc is $150.00 
This summary was machine generated from LSEG data April 24 at
02:31 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
 Mar. 31 2024      -0.98          -0.92          Beat
 Dec. 31 2023      -1.43          -1.19          Beat
 Sep. 30 2023      0.61           0.62           Beat
 Jun. 30 2023      1.03           1.04           Beat