STEC (Nasdaq: STEC ) is expected to report Q3 earnings on Nov. 7. 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 STEC's revenues will decrease -43.8% and EPS will shrink to a loss.
The average estimate for revenue is $40.8 million. On the bottom line, the average EPS estimate is -$0.28.
Last quarter, STEC booked revenue of $40.7 million. GAAP reported sales were 51% lower than the prior-year quarter's $82.5 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 -$0.27. GAAP EPS were -$1.07 for Q2 compared to $0.18 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 36.6%, 810 basis points worse than the prior-year quarter. Operating margin was -56.0%, 6,800 basis points worse than the prior-year quarter. Net margin was -121.8%, 13,360 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $177.2 million. The average EPS estimate is -$0.95.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STEC is hold, with an average price target of $7.51.
Looking to profit from the makers of computer hardware? You may be missing something obvious about where the money will be made in the tech industry of the future. Is STEC on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add STEC to My Watchlist.