Cypress Semiconductor (Nasdaq: CY ) is expected to report Q4 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 Cypress Semiconductor's revenues will compress -26.5% and EPS will contract -87.5%.
The average estimate for revenue is $178.1 million. On the bottom line, the average EPS estimate is $0.04.
Last quarter, Cypress Semiconductor notched revenue of $203.0 million. GAAP reported sales were 23% lower than the prior-year quarter's $264.7 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 $0.20. GAAP EPS of $0.09 for Q3 were 59% lower than the prior-year quarter's $0.22 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 54.8%, 150 basis points worse than the prior-year quarter. Operating margin was 9.0%, 770 basis points worse than the prior-year quarter. Net margin was 7.1%, 800 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $767.4 million. The average EPS estimate is $0.53.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 985 members out of 1,029 rating the stock outperform, and 44 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 190 give Cypress Semiconductor a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cypress Semiconductor is outperform, with an average price target of $13.68.
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