Zacks: Analysts Expect Netlist (NLST) Will Post Quarterly Sales of $9.05 Million

Equities research analysts expect Netlist (NASDAQ:NLST) to post sales of $9.05 million for the current quarter, Zacks reports. Two analysts have made estimates for Netlist’s earnings, with the highest sales estimate coming in at $10.10 million and the lowest estimate coming in at $8.00 million. Netlist posted sales of $9.43 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 15th.

On average, analysts expect that Netlist will report full-year sales of $9.05 million for the current year, with estimates ranging from $42.70 million to $48.40 million. For the next financial year, analysts expect that the company will post sales of $64.40 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Netlist.

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Netlist (NASDAQ:NLST) last announced its quarterly earnings data on Tuesday, March 27th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $8.48 million during the quarter, compared to the consensus estimate of $9.90 million.

A number of equities research analysts recently issued reports on NLST shares. Zacks Investment Research upgraded Netlist from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded Netlist from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd.

An institutional investor recently raised its position in Netlist stock. Royce & Associates LP grew its stake in shares of Netlist (NASDAQ:NLST) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,400,500 shares of the semiconductor company’s stock after buying an additional 200,000 shares during the period. Royce & Associates LP owned 1.99% of Netlist worth $1,029,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.19% of the company’s stock.

Shares of Netlist stock opened at $0.23 on Monday. Netlist has a 52-week low of $0.21 and a 52-week high of $1.40. The stock has a market capitalization of $19.82, a P/E ratio of -1.16 and a beta of -1.02. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of -2.78.

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Netlist Company Profile

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.

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