Navitas Semiconductor Corporation (NASDAQ: NVTS) has announced that it will be releasing its financial results for the third quarter of 2024 on Monday 4th November 2024. The report will be made available after market close, allowing investors and analysts to evaluate the company's performance during this period.
Financial analysts on Wall Street are anticipating that the enterprise will announce an estimated $0.06 loss per share for the quarter. Furthermore, the firm is projected to disclose a total revenue of $21.93 million for this period.
In the corresponding quarter of the previous year, the company's earnings report unveiled a per-share loss of $0.04. Notably, the company's total revenue reached an impressive $21.98 million during that specific period.
Wall Street analysts have provided their insights on the company's performance for the year, forecasting a total revenue of $89.78 million. Additionally, they anticipate the earnings per share to reach loss of $0.24 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $-0.07 | -40.0% | 20.47 M | +13.3% |
| Q1 2024 | $-0.06 | +14.3% | 23.18 M | +73.5% |
| Q4 2023 | $-0.04 | +33.3% | 26.06 M | +111.0% |
| Q3 2023 | $-0.04 | +42.9% | 21.98 M | +114.6% |
| Q2 2023 | $-0.05 | +28.6% | 18.06 M | +109.8% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 4th November 2024 at 05:00 PM eastern time to review the Q3 2024 financial results.
Navitas Semiconductor Corporation (NVTS) experienced a trading range of $2.50 to $2.64, along with a total volume of 1.95 million shares during the day. The stock concluded Friday's regular trading session at $2.58, indicating a rise of 4.45 percent.
