Netlist, Inc. (NLST) Expected to Post Quarterly Sales of $9.90 Million
Brokerages expect that Netlist, Inc. (NASDAQ:NLST) will report sales of $9.90 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Netlist’s earnings, with the lowest sales estimate coming in at $9.80 million and the highest estimate coming in at $10.00 million. Netlist reported sales of $5.54 million during the same quarter last year, which indicates a positive year-over-year growth rate of 78.7%. The company is expected to report 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 fiscal year, with estimates ranging from $39.60 million to $39.80 million. For the next year, analysts anticipate that the company will post sales of $51.60 million per share, with estimates ranging from $48.40 million to $54.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Netlist.
Separately, Zacks Investment Research upgraded Netlist from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research report on Tuesday, September 26th.
Netlist (NLST) opened at $0.34 on Friday. Netlist has a 52-week low of $0.25 and a 52-week high of $1.40. 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 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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