Diodes Inc reports results for the quarter ended September 30 - Earnings Summary

Reuters
09 Nov 2024
Diodes Inc reports results for the quarter ended September 30 - Earnings Summary
  • Diodes Inc DIOD.OQ reported quarterly adjusted earnings of 43 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.13. The mean expectation of five analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 39 cents to 44 cents per share.

  • Revenue fell 13.5% to $350.08 million from a year ago; analysts expected $346.32 million.

  • Diodes Inc's reported EPS for the quarter was 30 cents​.

  • The company reported quarterly net income of $13.75 million.

  • Diodes Inc shares had fallen by 2.0% this quarter and lost 22.0% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

  • In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

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

Wall Street's median 12-month price target for Diodes Inc is $72.00

This summary was machine generated from LSEG data November 8 at 09:02 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

Sep. 30 2024

0.42

0.43

Beat

Jun. 30 2024

0.30

0.33

Beat

Mar. 31 2024

0.31

0.28

Missed

Dec. 31 2023

0.49

0.51

Beat

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