Wall Street analysts forecast that Netlist, Inc. (NASDAQ:NLST) will post sales of $9.90 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Netlist’s earnings. The highest sales estimate is $10.00 million and the lowest is $9.80 million. Netlist reported sales of $5.54 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 78.7%. The company is expected to announce its next quarterly earnings results on Wednesday, April 4th.

On average, analysts expect that Netlist will report full-year sales of $9.90 million for the current year, with estimates ranging from $39.60 million to $39.80 million. For the next fiscal year, analysts anticipate that the firm will report sales of $51.60 million per share, with estimates ranging from $48.40 million to $54.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Netlist.

A number of equities research analysts have commented on NLST shares. B. Riley reiterated a “buy” rating and set a $2.60 target price on shares of Netlist in a report on Sunday, August 13th. Roth Capital started coverage on Netlist in a report on Thursday, August 24th. They set a “buy” rating and a $2.00 target price on the stock. ValuEngine cut Netlist from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded Netlist from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a report on Friday, September 15th.

A hedge fund recently raised its stake in Netlist stock. Royce & Associates LP grew its holdings in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,400,500 shares of the semiconductor company’s stock after purchasing an additional 200,000 shares during the quarter. Royce & Associates LP owned approximately 1.99% of Netlist worth $1,029,000 at the end of the most recent quarter. 20.60% of the stock is currently owned by institutional investors.

Shares of Netlist (NASDAQ NLST) remained flat at $$0.29 during trading hours on Monday. 1,048,968 shares of the company’s stock were exchanged, compared to its average volume of 386,913. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of -2.78. Netlist has a one year low of $0.28 and a one year high of $1.40.

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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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