Maxim Integrated Products (Nasdaq: MXIM ) is expected to report Q3 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 Maxim Integrated Products's revenues will grow 4.5% and EPS will grow 24.2%.
The average estimate for revenue is $596.8 million. On the bottom line, the average EPS estimate is $0.41.
Last quarter, Maxim Integrated Products booked revenue of $605.3 million. GAAP reported sales were 2.4% higher than the prior-year quarter's $591.4 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 $0.26 for Q2 were 10% lower than the prior-year quarter's $0.29 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 60.0%, 120 basis points better than the prior-year quarter. Operating margin was 23.5%, 310 basis points better than the prior-year quarter. Net margin was 12.7%, 220 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.46 billion. The average EPS estimate is $1.77.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 280 members out of 306 rating the stock outperform, and 26 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Maxim Integrated Products 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 Maxim Integrated Products is outperform, with an average price target of $31.17.
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