Pixelworks (NASDAQ:PXLW) Releases Q4 2024 Earnings Guidance

Pixelworks (NASDAQ:PXLW) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.110–0.080 for the period, compared to the consensus EPS estimate of -0.100. The company issued revenue guidance of $9.0 million-$10.0 million, compared to the consensus revenue estimate of $10.2 million.

Pixelworks Trading Up 18.3 %

PXLW stock opened at $0.80 on Thursday. The company has a quick ratio of 3.79, a current ratio of 4.21 and a debt-to-equity ratio of 0.03. Pixelworks has a 52-week low of $0.61 and a 52-week high of $3.08. The company’s 50-day simple moving average is $0.72 and its 200-day simple moving average is $0.94. The firm has a market cap of $46.84 million, a P/E ratio of -1.70 and a beta of 1.61.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PXLW. Needham & Company LLC cut their price objective on Pixelworks from $2.00 to $1.50 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com cut shares of Pixelworks from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.

About Pixelworks

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.