indie Semiconductor (INDI) Set to Announce Earnings on Thursday

indie Semiconductor (NASDAQ:INDI - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. indie Semiconductor has set its Q3 2024 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.09). The business had revenue of $52.40 million for the quarter, compared to analyst estimates of $53.61 million. indie Semiconductor had a negative return on equity of 22.48% and a negative net margin of 34.65%. indie Semiconductor's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) EPS. On average, analysts expect indie Semiconductor to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

indie Semiconductor Price Performance

INDI stock traded down $0.30 during midday trading on Thursday, reaching $3.31. 2,830,693 shares of the stock were exchanged, compared to its average volume of 2,693,705. The stock has a market capitalization of $653.45 million, a PE ratio of -6.49 and a beta of 1.20. indie Semiconductor has a 52 week low of $3.16 and a 52 week high of $8.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.66 and a quick ratio of 2.20. The company has a fifty day moving average price of $3.74 and a 200 day moving average price of $5.22.

Insider Activity

In related news, CFO Thomas Schiller sold 75,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total transaction of $287,250.00. Following the sale, the chief financial officer now owns 977,192 shares in the company, valued at $3,742,645.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.20% of the company's stock.

Wall Street Analysts Forecast Growth

INDI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on indie Semiconductor from $9.00 to $7.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Benchmark restated a "buy" rating and set a $12.00 price objective on shares of indie Semiconductor in a research report on Tuesday, September 10th. Finally, Roth Mkm reduced their price target on indie Semiconductor from $10.00 to $7.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $10.50.

About indie Semiconductor

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.