Intevac (NASDAQ:IVAC) Releases Q3 2024 Earnings Guidance

Intevac (NASDAQ:IVAC) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.180–0.140 for the period, compared to the consensus earnings per share estimate of -0.120. The company issued revenue guidance of $10.5 million-$12.0 million, compared to the consensus revenue estimate of $15.0 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Intevac from a sell rating to a hold rating in a report on Saturday, July 27th.

Intevac Stock Up 0.5 %

Shares of NASDAQ:IVAC traded up $0.02 during trading on Wednesday, hitting $3.83. 7,603 shares of the company were exchanged, compared to its average volume of 90,330. Intevac has a 1-year low of $3.07 and a 1-year high of $4.57. The company has a market capitalization of $101.82 million, a P/E ratio of -10.03 and a beta of 0.82. The business’s 50 day moving average is $3.87 and its 200-day moving average is $3.92.

Intevac (NASDAQ:IVAC) last posted its earnings results on Monday, August 5th. The electronics maker reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.09. The firm had revenue of $14.53 million during the quarter. Intevac had a negative return on equity of 8.17% and a negative net margin of 19.52%. During the same quarter in the prior year, the business posted ($0.19) earnings per share.

About Intevac

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.