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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Dec. 31 2024 | -0.06 | -0.06 | Met |
Sep. 30 2024 | -0.06 | -0.06 | Met |
Jun. 30 2024 | -0.06 | -0.07 | Missed |
Mar. 31 2024 | -0.05 | -0.06 | Missed |
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