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

Silicon Laboratories

01/11/2023 14:31

* Silicon Laboratories Inc  SLAB.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.21.  The mean expectation of
eleven analysts for the quarter was for earnings of 61 cents per
share. Wall Street expected results to range from 57 cents to 71
cents per share.
    * Revenue fell 24.5% to $203.76 million from a year ago;
analysts
expected $200.24 million. 
    * Silicon Laboratories Inc's reported EPS for the quarter
was 32
cents​.
    * The company reported quarterly net income of $10.35
million.
    * Silicon Laboratories Inc shares had fallen by 20.5% this
quarter and lost 32.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is  "hold."

Wall Street's median 12-month price target for Silicon
Laboratories Inc is $165.00 
This summary was machine generated from LSEG data November 1 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.61           0.62           Beat
 Jun. 30 2023      1.03           1.04           Beat
 Mar. 31 2023      1.11           1.12           Beat
 Dec. 31 2022      0.98           1.31           Beat