Illumina (Nasdaq: ILMN ) is expected to report Q4 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 Illumina's revenues will grow 22.0% and EPS will increase 20.0%.
The average estimate for revenue is $305.2 million. On the bottom line, the average EPS estimate is $0.42.
Last quarter, Illumina reported revenue of $285.9 million. GAAP reported sales were 21% higher than the prior-year quarter's $235.5 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 $0.41. GAAP EPS of $0.22 for Q3 were 47% higher than the prior-year quarter's $0.15 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 69.8%, 180 basis points better than the prior-year quarter. Operating margin was 24.3%, 680 basis points better than the prior-year quarter. Net margin was 10.4%, 180 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.14 billion. The average EPS estimate is $1.58.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 672 members out of 719 rating the stock outperform, and 47 members rating it underperform. Among 207 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 199 give Illumina a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Illumina is outperform, with an average price target of $50.25.
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