Cirrus Logic (Nasdaq: CRUS ) is expected to report Q3 earnings on Jan. 24. 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 Cirrus Logic's revenues will grow 133.8% and EPS will increase 230.2%.
The average estimate for revenue is $286.1 million. On the bottom line, the average EPS estimate is $1.42.
Last quarter, Cirrus Logic chalked up revenue of $193.8 million. GAAP reported sales were 91% higher than the prior-year quarter's $101.6 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 $0.79. GAAP EPS of $0.51 for Q2 were 200% higher than the prior-year quarter's $0.17 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 51.7%, 180 basis points worse than the prior-year quarter. Operating margin was 26.0%, 840 basis points better than the prior-year quarter. Net margin was 18.3%, 720 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $836.3 million. The average EPS estimate is $3.48.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 740 members out of 768 rating the stock outperform, and 28 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Cirrus Logic a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cirrus Logic is outperform, with an average price target of $52.14.
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