Semtech
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Semtech's revenues will grow 43.3% and EPS will expand 34.4%.
The average estimate for revenue is $149.1 million. On the bottom line, the average EPS estimate is $0.43.
Revenue details
Last quarter, Semtech booked revenue of $160.9 million. GAAP reported sales were 30% higher than the prior-year quarter's $123.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.53. GAAP EPS of $0.25 for Q3 were 38% lower than the prior-year quarter's $0.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 62.9%, 370 basis points better than the prior-year quarter. Operating margin was 15.8%, 290 basis points worse than the prior-year quarter. Net margin was 10.3%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $577.4 million. The average EPS estimate is $1.64.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 92 members out of 103 rating the stock outperform, and 11 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Semtech 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 Semtech is buy, with an average price target of $32.00.
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