Intevac (NASDAQ:IVAC) Issues Q2 2024 Earnings Guidance

Intevac (NASDAQ:IVAC) updated its second quarter 2024 earnings guidance on Friday. The company provided EPS guidance of -0.220–0.200 for the period, compared to the consensus EPS estimate of -0.050. The company issued revenue guidance of $7.5 million-$8.5 million, compared to the consensus revenue estimate of $15.0 million.

Intevac Stock Performance

NASDAQ IVAC traded up $0.30 on Friday, hitting $4.39. 177,033 shares of the stock traded hands, compared to its average volume of 70,942. The business’s fifty day moving average is $3.82 and its two-hundred day moving average is $3.88. Intevac has a 12 month low of $3.07 and a 12 month high of $6.48. The firm has a market capitalization of $116.69 million, a price-to-earnings ratio of -8.91 and a beta of 0.73.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. Intevac had a negative return on equity of 9.31% and a negative net margin of 23.15%. The company had revenue of $9.63 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Intevac from a sell rating to a hold rating in a research note on Monday, February 19th.

About Intevac

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.