NXP Semiconductors Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
NXP Semiconductors (NASDAQ:NXPI) is expected to release its Q3 financial results on Nov. 6, 2023. Analysts predict a quarterly earnings of $3.59 per share, down from $3.81 per share a year ago, and revenue of $3.4 billion, slightly lower than the $3.42 billion in the same period last year. The company's shares gained 2.2% to close at $181.55 on Friday. Several analysts have recently revised their ratings and price targets for the company.
November 06, 2023 | 3:25 pm
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NXP Semiconductors is expected to report lower earnings and revenue for Q3 compared to the same period last year. The company's shares have recently gained 2.2%. Analysts have revised their ratings and price targets for the company.
The news directly pertains to NXP Semiconductors and its upcoming Q3 earnings report. The predicted lower earnings and revenue could potentially impact the company's stock price. However, the recent gain in the company's shares and the revised ratings and price targets by analysts indicate a mixed outlook, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100