Himax (HIMX) To Report Earnings Tomorrow: Here Is What To Expect
Stock Story
Published Feb 05, 2024 02:01
Updated Feb 05, 2024 06:18
Himax (HIMX) To Report Earnings Tomorrow: Here Is What To Expect
Stock Story -
Semiconductor maker Himax Technologies (NASDAQ:HIMX) (NASDAQ:HIMX) will be reporting results tomorrow before market hours. Here's what you need to know.
Last quarter Himax reported revenues of $238.5 million, up 11.6% year on year, beating analyst revenue expectations by 3.9%. It was a weak quarter for the company, revenue guidance for the next quarter implying a sequential decline.
Is Himax buy or sell heading into the earnings? Find out by reading the original article on StockStory .
This quarter analysts are expecting Himax's revenue to decline 13.5% year on year to $226.8 million, improvement on the 42% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Himax's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. MACOM's revenues decreased 12.7% year on year, beating analyst estimates by 2.9% and Skyworks (NASDAQ:SWKS) Solutions reported revenue decline of 9.6% year on year, missing analyst estimates by 0.2%. MACOM traded up 4.3% on the results, and Skyworks Solutions was up 5.5%.
Read the full analysis of MACOM's and Skyworks Solutions's results on StockStory.
There has been positive sentiment among investors in the analog semiconductors segment, with the stocks up on average 2% over the last month. Himax is down 6.6% during the same time, and is heading into the earnings with analyst price target of $7, compared to share price of $5.8.
The author has no position in any of the stocks mentioned.
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Written By: Stock Story
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