NXP Semiconductors Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
NXP Semiconductors N.V. (NASDAQ:NXPI) is set to release its Q1 earnings after the market closes on April 29, 2024, with expectations of $3.16 EPS, down from $3.19 year-over-year, and revenue of $3.13 billion, up from $3 billion. The company recently settled patent litigation with Impinj. Shares rose 1.9% to $242.70. Analysts from Evercore ISI Group, TD Cowen, Truist Securities, Susquehanna, and Mizuho have provided ratings and price targets, with the highest target set at $300.
April 29, 2024 | 1:50 pm
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POSITIVE IMPACT
NXP Semiconductors is anticipated to report a slight decrease in EPS year-over-year but an increase in revenue for Q1 2024. The company's recent settlement with Impinj and positive analyst ratings could influence stock performance.
The slight decrease in expected EPS may be offset by the increase in revenue projections and the positive outcome of the recent legal settlement with Impinj. Analysts' bullish ratings and raised price targets suggest confidence in the company's performance, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100