Brokerages Anticipate Netlist, Inc. (NLST) Will Announce Earnings of -$0.04 Per Share

Equities research analysts expect Netlist, Inc. (NASDAQ:NLST) to post earnings per share of ($0.04) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Netlist’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.04). Netlist posted earnings per share of ($0.05) in the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 4th.

According to Zacks, analysts expect that Netlist will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.20) to ($0.19). For the next year, analysts anticipate that the company will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.12) to ($0.09). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Netlist.

A number of brokerages have commented on NLST. Zacks Investment Research upgraded shares of Netlist from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a report on Friday, September 15th. B. Riley reiterated a “buy” rating and issued a $2.46 target price on shares of Netlist in a report on Tuesday, September 5th. Finally, ValuEngine downgraded shares of Netlist from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.

Shares of Netlist (NASDAQ NLST) remained flat at $$0.32 on Tuesday. 1,226,100 shares of the company’s stock traded hands, compared to its average volume of 542,311. The stock has a market capitalization of $22.36, a PE ratio of -1.45 and a beta of -1.35. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of -2.78. Netlist has a one year low of $0.25 and a one year high of $1.40.

An institutional investor recently raised its position in Netlist stock. Royce & Associates LP grew its stake in Netlist, Inc. (NASDAQ:NLST) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,400,500 shares of the semiconductor company’s stock after purchasing an additional 200,000 shares during the period. Royce & Associates LP owned about 1.99% of Netlist worth $1,029,000 at the end of the most recent quarter. Institutional investors and hedge funds own 20.58% of the company’s stock.

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About Netlist

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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