Semiconductor maker Himax Technologies (NASDAQ: HIMX) will be reporting earnings tomorrow before market hours. Here’s what investors should know.
Himax beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $222.4 million, down 6.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and an improvement in its inventory levels.
Is Himax a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Himax’s revenue to decline 2.9% year on year to $221.1 million, improving from the 13.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Himax has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Himax’s peers in the analog semiconductors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Power Integrations delivered year-on-year revenue growth of 17.6%, meeting analysts’ expectations, and Texas Instruments reported a revenue decline of 1.7%, topping estimates by 3.3%. Power Integrations traded down 1.7% following the results while Texas Instruments was also down 7.5%.
Read our full analysis of Power Integrations’s results here and Texas Instruments’s results here.
Investors in the analog semiconductors segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Himax is up 36.1% during the same time and is heading into earnings with an average analyst price target of $10.87 (compared to the current share price of $9.90).
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