indie Semiconductor Inc reports results for the quarter ended June 30 - Earnings Summary

• indie Semiconductor Inc INDI.OQ reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of seven analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -8 cents to -7 cents per share.

• Revenue fell 1.4% to $51.63 million from a year ago; analysts expected $51.41 million.

• indie Semiconductor Inc's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $39.04 million.

• indie Semiconductor Inc shares had risen by 2.0% this quarter and lost 10.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.2% 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 7 "strong buy" or "buy," 1 "hold" and no "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 indie Semiconductor Inc is $6.00, about 36.3% above its last closing price of $3.82

This summary was machine generated from LSEG data August 8 at 04:25 a.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)