Silicon Laboratories Inc reports results for the quarter ended in September 30 - Earnings Summary

Silicon Laboratories

05/11/2024 07:54

* Silicon Laboratories Inc  SLAB.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 62 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 21 cents per share. Wall Street
expected results to range from -22 cents to -20 cents per share.
    * Revenue fell 18.3% to $166.40 million from a year ago;
analysts
expected $165.21 million. 
    * Silicon Laboratories Inc's reported EPS for the quarter
was a
loss of 88 cents​.
    * The company reported a quarterly loss of $28.5 million.
    * Silicon Laboratories Inc shares had fallen by 9.4% this
quarter and lost 20.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
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 4 "strong buy" or "buy," 6
"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 120.00 
This summary was machine generated from LSEG data November 5 at
07:54 a.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
 Sep. 30 2024      -0.21          -0.13          Beat
 Jun. 30 2024      -0.64          -0.56          Beat
 Mar. 31 2024      -0.98          -0.92          Beat
 Dec. 31 2023      -1.43          -1.19          Beat