Navitas Semiconductor Corp reports results for the quarter ended March 31 - Earnings Summary

• Navitas Semiconductor Corp NVTS.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of nine analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -6 cents per share.

• Revenue fell 39.5% to $14.02 million from a year ago; analysts expected $13.99 million.

• Navitas Semiconductor Corp's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $16.83 million.

• Navitas Semiconductor Corp shares had held steady so far this quarter and lost 42.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Navitas Semiconductor Corp is $4.00

This summary was machine generated from LSEG data May 5 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)