Diodes (DIOD) Expected to Announce Quarterly Earnings on Tuesday

Diodes (NASDAQ:DIOD - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Diodes to post earnings of $0.54 per share and revenue of $350.08 million for the quarter. Diodes has set its Q4 2024 guidance at EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.04. Diodes had a return on equity of 3.90% and a net margin of 4.72%. The business had revenue of $350.08 million for the quarter, compared to the consensus estimate of $346.30 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. On average, analysts expect Diodes to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Diodes Stock Up 0.2 %

Shares of DIOD stock traded up $0.11 on Friday, reaching $58.52. 292,697 shares of the company's stock traded hands, compared to its average volume of 431,979. Diodes has a 12-month low of $52.71 and a 12-month high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The company has a market capitalization of $2.71 billion, a P/E ratio of 44.29 and a beta of 1.32. The business's 50 day moving average price is $62.52 and its two-hundred day moving average price is $64.46.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DIOD. Benchmark lowered their target price on Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Truist Financial lowered their target price on Diodes from $69.00 to $62.00 and set a "hold" rating on the stock in a research note on Friday, November 8th. Finally, StockNews.com upgraded Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Diodes presently has an average rating of "Hold" and a consensus target price of $72.80.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.