Pixelworks (PXLW) has announced a Quarterly Loss of $0.09 per share, which is better than the estimated loss of $0.10 per share. This is an improvement compared to the loss of $0.06 per share in the same quarter last year. The figures have been adjusted for non-recurring items.

The company has surpassed consensus EPS estimates four times in the last four quarters.

In terms of revenue, Pixelworks generated $13.61 million in the quarter ended June 2023, beating the Zacks Consensus Estimate by 0.78%. This is lower than the year-ago revenues of $19.08 million. However, the company has exceeded consensus revenue estimates two times in the past four quarters.

Pixelworks’ stock has declined by about 7.9% since the beginning of the year, while the S&P 500 has gained 17.7%.

Looking ahead, investors are curious about the future of Pixelworks’ stock. The company’s earnings outlook and the trend in earnings estimate revisions are significant factors to consider. The current estimate revisions for Pixelworks are mixed, leading to a Zacks Rank #3 (Hold) for the stock. This suggests that the stock is expected to perform in line with the market in the near future.

Investors should also keep in mind the industry outlook, as it can impact the stock’s performance. The Electronics – Semiconductors industry, to which Pixelworks belongs, is currently ranked in the bottom 31% of the 250-plus Zacks industries.

On August 9, Valens Semiconductor, Ltd. (VLN), another company in the same industry, is expected to report its quarterly results. The consensus estimate predicts a quarterly loss of $0.05 per share, representing a year-over-year change of +37.5%. The revenues are expected to be $24 million, up 6.8% from the year-ago quarter.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead.

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