Emulex (NYSE: ELX ) is expected to report Q2 earnings around Jan. 30. 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 Emulex's revenues will shrink -5.2% and EPS will drop -23.1%.
The average estimate for revenue is $121.9 million. On the bottom line, the average EPS estimate is $0.20.
Last quarter, Emulex chalked up revenue of $119.3 million. GAAP reported sales were 0.7% higher than the prior-year quarter's $118.4 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 $0.19. GAAP EPS were $0.01 for Q1 compared to -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 63.0%, about the same as the prior-year quarter. Operating margin was 6.9%, 1,160 basis points better than the prior-year quarter. Net margin was 0.6%, 660 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $481.7 million. The average EPS estimate is $0.73.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Emulex is hold, with an average price target of $8.05.
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