LTX-Credence (Nasdaq: LTXC ) is expected to report Q2 earnings on Feb. 27. 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 LTX-Credence's revenues will expand 53.2% and EPS will remain in the red.
The average estimate for revenue is $36.9 million. On the bottom line, the average EPS estimate is -$0.06.
Last quarter, LTX-Credence recorded revenue of $43.2 million. GAAP reported sales were 28% higher than the prior-year quarter's $33.8 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 $0.03. GAAP EPS were $0.01 for Q1 compared to -$0.10 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 54.4%, 100 basis points better than the prior-year quarter. Operating margin was 1.6%, 1,640 basis points better than the prior-year quarter. Net margin was 1.3%, 1,580 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $174.6 million. The average EPS estimate is $0.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 107 members out of 118 rating the stock outperform, and 11 members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give LTX-Credence 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 LTX-Credence is buy, with an average price target of $8.40.
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