Diodes (Nasdaq: DIOD ) is expected to report Q2 earnings on Wednesday. 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 Diodes's revenues will wane -6.0% and EPS will contract -55.8%.
The average estimate for revenue is $159.6 million. On the bottom line, the average EPS estimate is $0.19.
Last quarter, Diodes reported revenue of $144.7 million. GAAP reported sales were 10% lower than the prior-year quarter's $161.6 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 $0.09. GAAP EPS of $0.10 for Q1 were 76% lower than the prior-year quarter's $0.42 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 23.3%, 1,220 basis points worse than the prior-year quarter. Operating margin was 3.8%, 1,370 basis points worse than the prior-year quarter. Net margin was 3.4%, 880 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $652.3 million. The average EPS estimate is $0.94.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 215 members rating the stock outperform and 16 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Diodes a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Diodes is outperform, with an average price target of $28.29.
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