Altera (Nasdaq: ALTR ) is expected to report Q4 earnings on Jan. 23. 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 Altera's revenues will wane -1.5% and EPS will wane -13.3%.
The average estimate for revenue is $451.0 million. On the bottom line, the average EPS estimate is $0.39.
Last quarter, Altera recorded revenue of $495.0 million. GAAP reported sales were 5.3% lower than the prior-year quarter's $522.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.49. GAAP EPS of $0.49 for Q3 were 14% lower than the prior-year quarter's $0.57 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 69.3%, 130 basis points better than the prior-year quarter. Operating margin was 35.8%, 350 basis points worse than the prior-year quarter. Net margin was 31.8%, 370 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.79 billion. The average EPS estimate is $1.73.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 335 members out of 365 rating the stock outperform, and 30 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Altera a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Altera is outperform, with an average price target of $39.16.
Is Altera the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Altera to My Watchlist.