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Power Integrations (POWI) Q3 Earnings and Revenues Beat Estimates
POWIPower Integrations(POWI) ZACKS·2024-11-06 23:21

Earnings Performance - Power Integrations reported quarterly earnings of 0.40pershare,beatingtheZacksConsensusEstimateof0.40 per share, beating the Zacks Consensus Estimate of 0.36 per share, representing an earnings surprise of 11.11% [1][2] - The company's earnings per share (EPS) for the same quarter last year was 0.46pershare[1]−Overthelastfourquarters,thecompanyhassurpassedconsensusEPSestimatesfourtimes[2]RevenuePerformance−PowerIntegrationspostedrevenuesof0.46 per share [1] - Over the last four quarters, the company has surpassed consensus EPS estimates four times [2] Revenue Performance - Power Integrations posted revenues of 115.84 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.04% [3] - This compares to year-ago revenues of 125.51million[3]−Thecompanyhastoppedconsensusrevenueestimatesthreetimesoverthelastfourquarters[3]StockPerformanceandMarketComparison−PowerIntegrationsshareshavelostabout21.4125.51 million [3] - The company has topped consensus revenue estimates three times over the last four quarters [3] Stock Performance and Market Comparison - Power Integrations shares have lost about 21.4% since the beginning of the year, while the S&P 500 has gained 21.2% [4] - The stock's immediate price movement will depend on management's commentary on the earnings call [4] Earnings Outlook and Estimate Revisions - The current consensus EPS estimate is 0.40 on 118.83millioninrevenuesforthecomingquarterand118.83 million in revenues for the coming quarter and 1.22 on 431.37millioninrevenuesforthecurrentfiscalyear[8]−Empiricalresearchshowsastrongcorrelationbetweennear−termstockmovementsandtrendsinearningsestimaterevisions[6]−TheestimaterevisionstrendforPowerIntegrationsismixed,translatingintoaZacksRank3(Hold)[7]IndustryOutlook−TheSemiconductors−Powerindustryiscurrentlyinthetop40431.37 million in revenues for the current fiscal year [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [6] - The estimate revisions trend for Power Integrations is mixed, translating into a Zacks Rank 3 (Hold) [7] Industry Outlook - The Semiconductors - Power industry is currently in the top 40% of the 250 plus Zacks industries [9] - The top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9] Sapiens (SPNS) Earnings Preview - Sapiens is expected to report quarterly earnings of 0.37 per share, representing a year-over-year change of +8.8% [10] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days [10] - Sapiens' revenues are expected to be $140.34 million, up 7.4% from the year-ago quarter [11]