Brokerages expect Netlist, Inc. (NASDAQ:NLST) to announce earnings per share (EPS) of ($0.05) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Netlist’s earnings, with estimates ranging from ($0.05) to ($0.04). Netlist posted earnings of ($0.07) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 28.6%. The firm is expected to report its next quarterly earnings report on Monday, November 13th.

On average, analysts expect that Netlist will report full year earnings of ($0.19) per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.10) to ($0.09). Zacks’ earnings per share averages are an average based on a survey of research firms that follow Netlist.

Netlist (NASDAQ:NLST) last posted its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The company had revenue of $11.40 million during the quarter, compared to the consensus estimate of $10.65 million.

A number of equities analysts recently commented on the stock. B. Riley reissued a “buy” rating and issued a $2.80 price objective on shares of Netlist in a research note on Monday, August 7th. Zacks Investment Research raised shares of Netlist from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine downgraded shares of Netlist from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Roth Capital assumed coverage on shares of Netlist in a research note on Thursday, August 24th. They issued a “buy” rating and a $2.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1.74.

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An institutional investor recently raised its position in Netlist stock. Royce & Associates LP raised its holdings in shares of Netlist, Inc. (NASDAQ:NLST) by 20.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,200,500 shares of the semiconductor company’s stock after purchasing an additional 200,500 shares during the period. Royce & Associates LP owned 1.95% of Netlist worth $1,188,000 at the end of the most recent quarter. 19.35% of the stock is currently owned by institutional investors and hedge funds.

Netlist (NASDAQ:NLST) traded down 0.441% on Thursday, reaching $0.678. The company had a trading volume of 81,299 shares. Netlist has a 52 week low of $0.55 and a 52 week high of $1.40. The company’s market capitalization is $41.98 million. The stock’s 50-day moving average is $0.70 and its 200-day moving average is $1.00.

Netlist Company Profile

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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Earnings History and Estimates for Netlist (NASDAQ:NLST)

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