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

Vicor

23/04/2024 22:01

* Vicor Corp  VICR.OQ  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 25
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 3 cents to 19 cents per share.
    * Revenue fell 14.3% to $83.87 million from a year ago;
analysts
expected $84.83 million. 
    * Vicor Corp's reported EPS for the quarter was 6 cents​.
    * The company reported quarterly net income of $2.6 million.
    * Vicor Corp shares had fallen by 9.5% this quarter and
lost 23.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
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
$41.00 
This summary was machine generated from LSEG data April 23 at
09:01 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      0.11           0.06           Missed
 Dec. 31 2023      0.36           0.19           Missed
 Sep. 30 2023      0.34           0.37           Beat
 Jun. 30 2023      0.25           0.38           Beat