Skyworks Solutions (Nasdaq: SWKS ) is expected to report Q2 earnings on April 25. 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 Skyworks Solutions's revenues will expand 15.3% and EPS will grow 11.9%.
The average estimate for revenue is $420.4 million. On the bottom line, the average EPS estimate is $0.47.
Last quarter, Skyworks Solutions notched revenue of $453.7 million. GAAP reported sales were 15% higher than the prior-year quarter's $393.7 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 $0.55. GAAP EPS of $0.34 for Q1 were 13% higher than the prior-year quarter's $0.30 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 42.4%, 120 basis points worse than the prior-year quarter. Operating margin was 19.4%, 20 basis points better than the prior-year quarter. Net margin was 14.7%, 20 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.80 billion. The average EPS estimate is $2.15.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 710 members out of 747 rating the stock outperform, and 37 members rating it underperform. Among 151 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 143 give Skyworks Solutions a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Skyworks Solutions is outperform, with an average price target of $30.05.
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