Netlist, Inc. (NLST) Expected to Announce Earnings of -$0.05 Per Share

Equities analysts expect that Netlist, Inc. (NASDAQ:NLST) will announce ($0.05) earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Netlist’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.06). Netlist reported earnings of ($0.03) per share in the same quarter last year, which suggests a negative year over year growth rate of 66.7%. The firm is scheduled to issue its next earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Netlist will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to $0.00. For the next fiscal year, analysts expect that the company will post earnings of $0.05 per share, with EPS estimates ranging from ($0.08) to $0.19. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Netlist.

Netlist (NASDAQ:NLST) last released its quarterly earnings data on Thursday, May 18th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $9.43 million during the quarter, compared to the consensus estimate of $8.25 million.

Several equities analysts recently weighed in on NLST shares. B. Riley restated a “buy” rating and issued a $2.80 price target on shares of Netlist in a research note on Thursday, March 30th. Zacks Investment Research upgraded Netlist from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research note on Saturday, April 1st.

Large investors have recently bought and sold shares of the company. AWM Investment Company Inc. boosted its stake in Netlist by 14.3% in the third quarter. AWM Investment Company Inc. now owns 5,680,928 shares of the semiconductor company’s stock valued at $7,044,000 after buying an additional 711,385 shares during the last quarter. Vanguard Group Inc. boosted its stake in Netlist by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,619,687 shares of the semiconductor company’s stock valued at $1,603,000 after buying an additional 6,500 shares during the last quarter. Dialectic Capital Management LP boosted its stake in Netlist by 1.2% in the first quarter. Dialectic Capital Management LP now owns 1,375,882 shares of the semiconductor company’s stock valued at $1,362,000 after buying an additional 16,511 shares during the last quarter. Royce & Associates LP boosted its stake in Netlist by 20.1% in the first quarter. Royce & Associates LP now owns 1,200,500 shares of the semiconductor company’s stock valued at $1,188,000 after buying an additional 200,500 shares during the last quarter. Finally, Penn Capital Management Co. Inc. purchased a new stake in Netlist during the third quarter valued at about $1,367,000. Institutional investors own 22.92% of the company’s stock.

Netlist (NASDAQ:NLST) opened at 1.20 on Monday. The company’s market cap is $74.03 million. Netlist has a 1-year low of $0.83 and a 1-year high of $2.19. The stock has a 50 day moving average price of $1.17 and a 200-day moving average price of $1.06.

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About Netlist

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

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