Semiconductor maker Himax Technologies (NASDAQ:HIMX) will be reporting earnings tomorrow before market open. Here's what to expect.
Last quarter Himax reported revenues of $213.6 million, down 49.2% year on year, beating analyst revenue expectations by 7.45%. It was a weak quarter for the company, with declining revenue and operating margin.
Is Himax buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Himax's revenue to decline 42% year on year to $262.3 million, a further deceleration on the 63.9% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Himax's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. NXP Semiconductors delivered top-line growth of 8.98% year on year, beating analyst estimates by 0.48% and Sensata Technologies reported revenues up 8.57% year on year, exceeding estimates by 1.67%. NXP Semiconductors traded down 2.04% on the results, and Sensata Technologies was flat on the results. Read our full analysis of NXP Semiconductors's results here and Sensata Technologies's results here.
There has been positive sentiment among investors in the analog semiconductors segment, with the stocks up on average 15.4% over the last month. Himax is up 16.5% during the same time, and is heading into the earnings with analyst price target of $7.65, compared to share price of $8.42.
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The author has no position in any of the stocks mentioned.