Silicon Graphics International (Nasdaq: SGI ) is expected to report Q3 earnings on April 30. 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 Silicon Graphics International's revenues will grow 7.7% and EPS will expand 27.3%.
The average estimate for revenue is $214.7 million. On the bottom line, the average EPS estimate is $0.14.
Last quarter, Silicon Graphics International reported revenue of $171.2 million. GAAP reported sales were 12% lower than the prior-year quarter's $195.2 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 $0.10. GAAP EPS were $0.03 for Q2 versus -$0.07 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 27.8%, 110 basis points better than the prior-year quarter. Operating margin was 0.0%, 100 basis points better than the prior-year quarter. Net margin was 0.6%, 180 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $769.4 million. The average EPS estimate is $0.31.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Graphics International is buy, with an average price target of $13.50.
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