Pixelworks Inc expected to post a loss of 13 cents a share - Earnings Preview

Reuters2024-11-09
Pixelworks Inc <pxlw.oq> expected to post a loss of 13 cents a share - Earnings Preview </pxlw.oq>

  • Pixelworks Inc PXLW.OQ PXLW.O is expected to show a fall in quarterly revenue when it reports results on November 12 for the period ending September 30 2024

  • The Portland Oregon-based company is expected to report a 40.7% decrease in revenue to $9.5 million from $16.03 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on August 7 2024, for the period ended September 30, was for revenue between $9.00 million and $10.00 million.

  • ​LSEG's mean analyst estimate for Pixelworks Inc is for a loss of 13 cents per share. The company's EPS guidance on August 7 2024, for the period ended September 30, was between $-0.14 and $-0.11

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Pixelworks Inc is 2.00​, above​ its last closing price of $0.71. ​​​

The company's guidance on August 7 2024 for the period ended September 30 was for gross profit margin between USD49% and USD51%.

This summary was machine generated November 8 at 21:39 GMT. 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)

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