OCZ Technology Group (Nasdaq: OCZ ) is expected to report Q2 earnings around Oct. 9. 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 OCZ Technology Group's revenues will expand 47.1% and EPS will remain in the red.
The average estimate for revenue is $115.4 million. On the bottom line, the average EPS estimate is -$0.15.
Last quarter, OCZ Technology Group reported revenue of $113.6 million. GAAP reported sales were 54% higher than the prior-year quarter's $73.8 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 -$0.17. GAAP EPS were -$0.09 for Q1 versus -$0.20 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 25.0%, 500 basis points better than the prior-year quarter. Operating margin was -11.4%, 1,190 basis points worse than the prior-year quarter. Net margin was -5.5%, 680 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $545.6 million. The average EPS estimate is -$0.25.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 155 members out of 177 rating the stock outperform, and 22 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give OCZ Technology Group a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OCZ Technology Group is hold, with an average price target of $11.95.
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