Integrated Device Technology (Nasdaq: IDTI ) is expected to report Q3 earnings on Jan. 28. 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 Integrated Device Technology's revenues will wane -0.8% and EPS will wane -33.3%.
The average estimate for revenue is $119.0 million. On the bottom line, the average EPS estimate is $0.04.
Last quarter, Integrated Device Technology logged revenue of $133.4 million. GAAP reported sales were 3.6% lower than the prior-year quarter's $138.3 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 $0.09. GAAP EPS shrank to zero from the prior-year quarter's $0.32.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 55.9%, 210 basis points better than the prior-year quarter. Operating margin was 4.6%, 290 basis points worse than the prior-year quarter. Net margin was -0.1%, 3,390 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $502.4 million. The average EPS estimate is $0.25.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 178 members out of 188 rating the stock outperform, and 10 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Integrated Device Technology a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrated Device Technology is outperform, with an average price target of $7.50.
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