MIPS Technologies (Nasdaq: MIPS ) is expected to report Q4 earnings around Aug. 4. 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' revenues will grow 9.6% and EPS will shrink to a loss.
The average estimate for revenue is $19.3 million. On the bottom line, the average EPS estimate is -$0.06.
Last quarter, MIPS Technologies booked revenue of $15.3 million. GAAP reported sales were 24% lower than the prior-year quarter's $20.0 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 -$0.01. GAAP EPS were -$0.05 for Q3 compared to $0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 97.7%, 150 basis points worse than the prior-year quarter. Operating margin was -11.6%, 3,190 basis points worse than the prior-year quarter. Net margin was -16.5%, 3,330 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $67.2 million. The average EPS estimate is $0.07.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 287 members rating the stock outperform, and 36 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give MIPS Technologies a green thumbs-up, and 13 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 $6.63.
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