Illumina (Nasdaq: ILMN ) is expected to report Q1 earnings on April 22. 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 13.9% and EPS will increase 8.3%.
The average estimate for revenue is $310.7 million. On the bottom line, the average EPS estimate is $0.39.
Last quarter, Illumina recorded revenue of $309.3 million. GAAP reported sales were 24% higher than the prior-year quarter's $250.1 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 $0.42. GAAP EPS of $0.53 for Q4 were 489% higher than the prior-year quarter's $0.09 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 67.3%, 210 basis points worse than the prior-year quarter. Operating margin was 28.6%, 360 basis points better than the prior-year quarter. Net margin was 23.2%, much better than the prior-year quarter.
The full year's average estimate for revenue is $1.32 billion. The average EPS estimate is $1.60.
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 194 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 185 give Illumina a green thumbs-up, and nine 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 $52.25.
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