Texas Instruments (Nasdaq: TXN ) is expected to report Q3 earnings on Oct. 22. 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 Texas Instruments's revenues will shrink -3.7% and EPS will wither -24.6%.
The average estimate for revenue is $3.34 billion. On the bottom line, the average EPS estimate is $0.46.
Last quarter, Texas Instruments chalked up revenue of $3.34 billion. GAAP reported sales were 3.6% lower than the prior-year quarter's $3.46 billion.
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 $0.44. GAAP EPS of $0.38 for Q2 were 32% lower than the prior-year quarter's $0.56 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 49.5%, 120 basis points worse than the prior-year quarter. Operating margin was 21.4%, 510 basis points worse than the prior-year quarter. Net margin was 13.4%, 600 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $13.03 billion. The average EPS estimate is $1.64.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,533 members out of 1,655 rating the stock outperform, and 122 members rating it underperform. Among 341 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 316 give Texas Instruments a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Texas Instruments is outperform, with an average price target of $34.37.
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