Brokerages Anticipate O2Micro International Limited (OIIM) Will Announce Quarterly Sales of $15.63 Million
Equities analysts expect O2Micro International Limited (NASDAQ:OIIM) to post sales of $15.63 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for O2Micro International’s earnings. The lowest sales estimate is $15.50 million and the highest is $15.90 million. O2Micro International posted sales of $15.91 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.8%. The business is scheduled to announce its next earnings results on Wednesday, January 24th.
On average, analysts expect that O2Micro International 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 forecast that the business will report sales of $65.77 million per share, with estimates ranging from $65.10 million to $66.20 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for O2Micro International.
Several analysts have commented on OIIM shares. ValuEngine lowered shares of O2Micro International from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Northland Securities restated a “hold” rating and issued a $3.50 price objective on shares of O2Micro International in a report on Friday, November 3rd.
Shares of O2Micro International (OIIM) opened at $1.65 on Monday. O2Micro International has a 1-year low of $1.45 and a 1-year high of $2.80.
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About O2Micro International
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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