Vicor Corp reports results for the quarter ended in June - Earnings Summary

Vicor

23/07/2024 22:21

* Vicor Corp  VICR.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 38
cents.  The mean expectation of three analysts for the quarter
was for earnings of 11 cents per share. Wall Street expected
results to range from 8 cents to 13 cents per share.
    * Revenue fell 19.6% to $85.85 million from a year ago;
analysts
expected $81.77 million. 
    * Vicor Corp's reported EPS for the quarter was a loss of 3
cents​.
    * The company reported a quarterly loss of $1.2 million.
    * Vicor Corp shares had risen by 12.9% this quarter and
lost 16.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 40% 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 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "hold"

Wall Street's median 12-month price target for Vicor Corp is
$36.50 
This summary was machine generated from LSEG data July 23 at
09:21 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
 Jun. 30 2024      0.11           -0.03          Missed
 Mar. 31 2024      0.11           -0.33          Missed
 Dec. 31 2023      0.36           0.19           Missed
 Sep. 30 2023      0.34           0.37           Beat