Microchip Technology (Nasdaq: MCHP ) is expected to report Q3 earnings on Feb. 7. 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 Microchip Technology's revenues will grow 25.1% and EPS will wane -7.1%.
The average estimate for revenue is $411.8 million. On the bottom line, the average EPS estimate is $0.39.
Last quarter, Microchip Technology logged revenue of $407.8 million. GAAP reported sales were 13% higher than the prior-year quarter's $340.6 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 $0.48. GAAP EPS were -$0.11 for Q2 versus $0.40 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 56.6%, 120 basis points worse than the prior-year quarter. Operating margin was 13.9%, 1,480 basis points worse than the prior-year quarter. Net margin was -5.5%, 2,880 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.58 billion. The average EPS estimate is $1.75.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 313 members out of 332 rating the stock outperform, and 19 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Microchip Technology a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Microchip Technology is outperform, with an average price target of $38.12.
Is Microchip Technology the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Microchip Technology to My Watchlist.