* Silicon Motion Technology Corp is expected to show a rise in quarterly revenue when it reports results on October 30 for the period ending September 30 2024

* The Hong Kong-based company is expected to report a 21.5% increase in revenue to $209.471 million from $172.33 million a year ago, according to the mean estimate from 8 analysts, based on LSEG data.The company's guidance on October 8 2024, for the period ended September 30, was for revenue of $210.500 million.

* ​LSEG's mean analyst estimate for Silicon Motion Technology Corp is for earnings of 85 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "hold" and 1 "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 Silicon Motion Technology Corp is $90.00​, above​ its last closing price of $56.70. ​​​

The company's guidance on August 1 2024 for the period ended September 30 was for Earnings before Interest and Taxes between USD29.315 million and USD33.048 million.The company's guidance on October 8 2024 for the period ended September 30 was for gross profit margin between USD46.5% and USD47%. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.97 0.95 0.96 Beat 1.2

Mar. 31 2024 0.63 0.57 0.64 Beat 12

Dec. 31 2023 0.79 0.76 0.93 Beat 22.9​

Sep. 30 2023 0.57 0.61 0.63 Beat 2.7

​​Jun. 0.50 0.48 0.38 Missed -21.3

30 2023

Mar. 31 2023 0.65 0.76 0.33 Missed -56.5​

Dec. 31 2022 1.64 1.66 1.22 Missed -26.7

Sep. 30 2022 1.81 1.86 1.53 Missed -17.7

This summary was machine generated October 29 at 03:15 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)