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.
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.
WARNING: “Zacks: Analysts Expect Netlist (NLST) Will Post Quarterly Sales of $9.05 Million” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/09/zacks-analysts-expect-netlist-nlst-will-post-quarterly-sales-of-9-05-million.html.
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.
Get a free copy of the Zacks research report on Netlist (NLST)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Netlist Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netlist and related companies with MarketBeat.com's FREE daily email newsletter.