AOS(US:AOSL) Zacks Investment Research·2024-05-07 22:56Company Performance - Alpha and Omega Semiconductor (AOSL) reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.14, and an improvement from a loss of $0.21 per share a year ago, indicating a 71.43% earnings surprise [1] - The company achieved revenues of $150.06 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.04% and showing an increase from $132.56 million in the same quarter last year [1] - Over the last four quarters, Alpha and Omega has consistently surpassed consensus EPS and revenue estimates [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $158.05 million, while the estimate for the current fiscal year is $0.42 on revenues of $654 million [4] - The estimate revisions trend for Alpha and Omega is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Electronics - Semiconductors industry, to which Alpha and Omega belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Nova Ltd. (NVMI), another company in the same industry, is expected to report quarterly earnings of $1.27 per share, reflecting a year-over-year change of +3.3%, with revenues anticipated to be $137 million, up 3.6% from the previous year [5][6]