Semiconductor maker Himax Technologies (NASDAQ:HIMX) will be announcing earnings results this Thursday before market hours. Here’s what to expect.
Himax beat analysts’ revenue expectations by 7% last quarter, reporting revenues of $199.2 million, down 10.5% year on year. It was a very strong quarter for the company, with EPS in line with analysts’ estimates and a solid beat of analysts’ revenue estimates.
Is Himax a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Himax’s revenue to decline 16% year on year to $199.2 million, a reversal from the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 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 a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.1% on average.
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. Skyworks Solutions’s revenues decreased 3.1% year on year, beating analysts’ expectations by 3.4%, and onsemi reported a revenue decline of 11.2%, in line with consensus estimates. Skyworks Solutions traded up 5.5% following the results while onsemi was also up 2.4%.
Read our full analysis of Skyworks Solutions’s results here and onsemi’s results here.
There has been positive sentiment among investors in the analog semiconductors segment, with share prices up 10.2% on average over the last month. Himax is down 2.4% during the same time and is heading into earnings with an average analyst price target of $8.54 (compared to the current share price of $8.14).
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