- Himax Technologies (HIMX, Financial) is set to announce first-quarter earnings on May 8th, with expectations of a substantial EPS increase.
- Analysts project a strong price target, indicating potential upside from current levels.
- GuruFocus suggests caution with a projected downside based on GF Value.
Himax Technologies Inc. (HIMX) is preparing to disclose its first-quarter earnings on May 8th, ahead of the market's opening. Industry analysts anticipate a remarkable year-over-year growth in EPS, projected to reach $0.10, alongside a modest rise in revenue to $210.15 million. Historically, Himax has outperformed revenue forecasts in 75% of its earnings announcements, setting a precedent for potential surprises.
Wall Street Analysts Forecast
The consensus among 4 analysts reveals an average one-year price target of $11.23 for Himax Technologies Inc. (HIMX, Financial). Within these forecasts, the highest target is $15.00, while the lowest is $6.00. With the current stock price at $7.44, this average target suggests a potential upside of 50.87%. Investors seeking more detailed estimate data can visit the Himax Technologies Inc. (HIMX) Forecast page.
Furthermore, the consensus recommendation from 4 brokerage firms rates Himax Technologies Inc. (HIMX, Financial) at an average of 1.8, which translates to an "Outperform" status. This rating is determined on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell recommendation.
Evaluating GF Value
According to GuruFocus estimates, the GF Value of Himax Technologies Inc. (HIMX, Financial) over the next year is projected at $6.02. This suggests a potential downside of 19.09% from the current trading price of $7.44. The GF Value represents GuruFocus' valuation of what the stock should fairly trade at, derived from historical trading multiples, past business growth, and future performance projections. For a more in-depth analysis, visit the Himax Technologies Inc. (HIMX) Summary page.
