Cirrus Logic (Nasdaq: CRUS ) is expected to report Q1 earnings on July 30. 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 Cirrus Logic's revenues will increase 10.2% and EPS will drop -12.5%.
The average estimate for revenue is $101.6 million. On the bottom line, the average EPS estimate is $0.21.
Last quarter, Cirrus Logic logged revenue of $110.6 million. GAAP reported sales were 21% higher than the prior-year quarter's $91.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.36. GAAP EPS of $0.74 for Q4 were 59% lower than the prior-year quarter's $1.80 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 56.4%, 610 basis points better than the prior-year quarter. Operating margin was 18.9%, 460 basis points better than the prior-year quarter. Net margin was 45.9%, 9,670 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $543.3 million. The average EPS estimate is $1.69.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 656 members rating the stock outperform, and 25 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Cirrus Logic a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cirrus Logic is outperform, with an average price target of $29.00.
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