• Navitas Semiconductor Corp NVTS.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of nine analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -6 cents per share.

• Revenue fell 31% to $17.98 million from a year ago; analysts expected $19.03 million.

• Navitas Semiconductor Corp's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $39.86 million.

• Navitas Semiconductor Corp shares had fallen by 11.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Navitas Semiconductor Corp is $4.00

This summary was machine generated from LSEG data February 24 at 10:00 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)