
Diodes (DIOD) Stock Forecast & Price Target
Diodes (DIOD) Analyst Ratings
Bulls say
Diodes Inc has demonstrated strong performance with the communications segment seeing a significant increase of 17.3% quarter-over-quarter and 8.2% year-over-year, marking it as the only segment to show annual growth. Additionally, the automotive segment showcases considerable long-term growth potential, with bill of materials (BOM) content expanding from $28 to over $160 in the past decade. Furthermore, the company's gross margin has shown positive momentum, improving by 100 basis points quarter-over-quarter, driven by better sales leverage amidst ongoing operational challenges.
Bears say
Diodes Inc has experienced notable declines in year-over-year automotive and industrial revenues, with automotive down 13.5% and industrial down 23.5%, indicating weak demand in these key segments. The company reported a sequential revenue decline of 3.7%, attributed to seasonality, inventory digestion, and overall demand weakness across various business areas. Additionally, projected earnings per share (EPS) of $0.37 fall short of prior consensus estimates of $0.50 due to negative revenue leverage and pressure on gross margins, which are now guided at 33%, compared to the previously modeled 34%.
This aggregate rating is based on analysts' research of Diodes and is not a guaranteed prediction by Public.com or investment advice.
Diodes (DIOD) Analyst Forecast & Price Prediction
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