MIPS Technologies (Nasdaq: MIPS ) is expected to report Q1 earnings around Aug. 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MIPS Technologies's revenues will compress -14.9% and EPS will shrink to a loss.
The average estimate for revenue is $14.6 million. On the bottom line, the average EPS estimate is -$0.04.
Revenue details
Last quarter, MIPS Technologies logged revenue of $38.4 million. GAAP reported sales were much higher than the prior-year quarter's $17.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.35. GAAP EPS of $0.31 for Q4 were much higher than the prior-year quarter's $0.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 99.2%, 70 basis points better than the prior-year quarter. Operating margin was 47.6%, 3,870 basis points better than the prior-year quarter. Net margin was 44.9%, 4,080 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $63.4 million. The average EPS estimate is -$0.07.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 287 members out of 323 rating the stock outperform, and 36 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give MIPS Technologies a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MIPS Technologies is outperform, with an average price target of $7.80.
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