Zacks: Analysts Expect Netlist, Inc. (NLST) Will Post Quarterly Sales of $15.67 Million

Wall Street analysts expect that Netlist, Inc. (NASDAQ:NLST) will post sales of $15.67 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Netlist’s earnings, with estimates ranging from $11.90 million to $22.10 million. Netlist reported sales of $2.59 million in the same quarter last year, which indicates a positive year over year growth rate of 505%. The business is expected to report its next earnings results on Wednesday, November 1st.

On average, analysts expect that Netlist will report full-year sales of $15.67 million for the current year, with estimates ranging from $45.70 million to $62.30 million. For the next financial year, analysts anticipate that the business will report sales of $73.70 million per share, with estimates ranging from $57.90 million to $92.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Netlist.

Netlist (NASDAQ:NLST) last issued its quarterly earnings results on Thursday, August 10th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $11.40 million during the quarter, compared to the consensus estimate of $10.65 million.

A number of equities research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $2.80 target price on shares of Netlist in a research note on Monday, August 7th. Zacks Investment Research raised shares of Netlist from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine lowered shares of Netlist from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Roth Capital assumed coverage on shares of Netlist in a research note on Thursday, August 24th. They set a “buy” rating and a $2.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $1.74.

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An institutional investor recently raised its position in Netlist stock. B. Riley Financial Inc. raised its stake in shares of Netlist, Inc. (NASDAQ:NLST) by 42.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,351,013 shares of the semiconductor company’s stock after buying an additional 405,375 shares during the period. B. Riley Financial Inc. owned about 2.18% of Netlist worth $1,378,000 as of its most recent SEC filing. Institutional investors own 17.43% of the company’s stock.

Netlist Company Profile

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

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Earnings History and Estimates for Netlist (NASDAQ:NLST)

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