Equities research analysts expect Netlist, Inc. (NASDAQ:NLST) to report $14.17 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Netlist’s earnings, with the lowest sales estimate coming in at $10.00 million and the highest estimate coming in at $19.50 million. Netlist posted sales of $5.54 million during the same quarter last year, which suggests a positive year over year growth rate of 155.8%. The business is expected to report its next earnings report on Wednesday, April 4th.

On average, analysts expect that Netlist will report full-year sales of $14.17 million for the current fiscal year, with estimates ranging from $39.80 million to $62.30 million. For the next year, analysts forecast that the firm will report sales of $68.37 million per share, with estimates ranging from $54.80 million to $92.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Netlist.

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

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Netlist from a “hold” rating to a “strong sell” rating in a report on Tuesday. B. Riley reissued a “buy” rating and set a $2.46 price target on shares of Netlist in a research report on Sunday, September 10th. ValuEngine cut shares of Netlist from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Roth Capital began coverage on shares of Netlist in a research report on Thursday, August 24th. They set a “buy” rating and a $2.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.74.

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A hedge fund recently raised its stake in Netlist stock. B. Riley Financial Inc. grew its stake in shares of Netlist, Inc. (NASDAQ:NLST) by 42.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,351,013 shares of the semiconductor company’s stock after purchasing an additional 405,375 shares during the period. B. Riley Financial Inc. owned approximately 2.18% of Netlist worth $1,378,000 at the end of the most recent reporting period. 17.43% of the stock is owned by institutional investors and hedge funds.

Shares of Netlist (NLST) traded up $0.01 on Thursday, hitting $0.70. 104,429 shares of the company were exchanged, compared to its average volume of 156,071. The company has a quick ratio of 1.23, a current ratio of 1.76 and a debt-to-equity ratio of -2.10. Netlist has a 12-month low of $0.55 and a 12-month high of $1.40.

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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