Wall Street analysts expect Semtech (SMTC) to post quarterly earnings of $0.62 per share in its upcoming report, which indicates a year-over-year increase of 51.2%. Revenues are expected to be $328.37 million, up 27.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Semtech metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net Sales by major end markets- High-End Consumer' reaching $39.96 million. The estimate suggests a change of -3% year over year.
Analysts forecast 'Net Sales by major end markets- Industrial' to reach $170.55 million. The estimate suggests a change of +19.2% year over year.
The collective assessment of analysts points to an estimated 'Net Sales by major end markets- Infrastructure' of $118.29 million. The estimate points to a change of +61.3% from the year-ago quarter.
The average prediction of analysts places 'Net Sales by reportable segment- Signal Integrity' at $125.46 million. The estimate suggests a change of +63.4% year over year.
The combined assessment of analysts suggests that 'Net Sales by reportable segment- Analog Mixed Signal and Wireless' will likely reach $109.99 million. The estimate points to a change of +19.6% from the year-ago quarter.
The consensus among analysts is that 'Net Sales by reportable segment- IoT Systems and Connectivity' will reach $92.71 million. The estimate indicates a change of +4.4% from the prior-year quarter.
Over the past month, shares of Semtech have returned -8.5% versus the Zacks S&P 500 composite's +3.5% change. Currently, SMTC carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.Â
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Â
Originally published on zacks.com, part of the BLOX Digital Content Exchange.
Please disable your ad blocker, whitelist our site, or purchase a subscription
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.