Silicon Motion Technology Corp SIMO.OQ, SIMO.O is expected to show a fall in quarterly revenue when it reports results on February 5 for the period ending December 31 2024
The Hong Kong-based company is expected to report a 3.3% decrease in revenue to $195.78 million from $202.38 million a year ago, according to the mean estimate from 8 analysts, based on LSEG data.The company's guidance on January 7 2025, for the period ended December 31, was for revenue of $191.000 million.
LSEG's mean analyst estimate for Silicon Motion Technology Corp is for earnings of 77 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 $70.00, above its last closing price of $54.61.
The company's guidance on October 30 2024 for the period ended December 31 was for Earnings before Interest and Taxes between USD29.796 million and USD33.532 million.The company's guidance on January 7 2025 for the period ended December 31 was for gross profit margin of USD47%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.85 | 0.85 | 0.92 | Beat | 8.1 |
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. 30 2023 | 0.50 | 0.48 | 0.38 | Missed | -21.3 |
Mar. 31 2023 | 0.65 | 0.76 | 0.33 | Missed | -56.5 |
Dec. 31 2022 | 1.64 | 1.66 | 1.22 | Missed | -26.7 |
This summary was machine generated February 3 at 21:25 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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