Zacks: Brokerages Anticipate O2Micro International Limited (OIIM) Will Announce Quarterly Sales of $15.63 Million
Analysts expect that O2Micro International Limited (NASDAQ:OIIM) will post $15.63 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for O2Micro International Limited’s earnings, with the highest sales estimate coming in at $15.90 million and the lowest estimate coming in at $15.50 million. O2Micro International Limited reported sales of $15.91 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 24th.
On average, analysts expect that O2Micro International Limited will report full-year sales of $15.63 million for the current financial year, with estimates ranging from $60.50 million to $60.90 million. For the next fiscal year, analysts expect that the company will post sales of $65.77 million per share, with estimates ranging from $65.10 million to $66.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow O2Micro International Limited.
A number of equities analysts have commented on the stock. ValuEngine downgraded shares of O2Micro International Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Northland Securities restated a “hold” rating and set a $3.50 price objective on shares of O2Micro International Limited in a report on Friday, November 3rd.
O2Micro International Limited (NASDAQ:OIIM) opened at $1.86 on Thursday. O2Micro International Limited has a fifty-two week low of $1.45 and a fifty-two week high of $2.80.
O2Micro International Limited Company Profile
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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