AOS(US:AOSL) ZACKSยท2024-11-04 23:20Group 1: Earnings Performance - Alpha and Omega Semiconductor (AOSL) reported quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.22 per share, and down from $0.33 per share a year ago, representing an earnings surprise of -4.55% [1] - The company posted revenues of $181.89 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.05%, and up from $180.63 million year-over-year [2] - Over the last four quarters, Alpha and Omega has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Alpha and Omega shares have increased approximately 30.5% since the beginning of the year, outperforming the S&P 500's gain of 20.1% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for assessing future stock performance [4] - The current consensus EPS estimate for the coming quarter is $0.20 on revenues of $173.4 million, and $0.71 on revenues of $704.95 million for the current fiscal year [7] Group 3: Industry Context - The Electronics - Semiconductors industry, to which Alpha and Omega belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]