Altera
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Altera's revenues will decrease -9.5% and EPS will wither -38.0%.
The average estimate for revenue is $420.7 million. On the bottom line, the average EPS estimate is $0.31.
Revenue details
Last quarter, Altera notched revenue of $410.5 million. GAAP reported sales were 7.0% higher than the prior-year quarter's $383.8 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, EPS came in at $0.37. GAAP EPS of $0.37 for Q1 were 5.7% higher than the prior-year quarter's $0.35 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 69.3%, 80 basis points worse than the prior-year quarter. Operating margin was 28.7%, 170 basis points worse than the prior-year quarter. Net margin was 29.3%, 90 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.76 billion. The average EPS estimate is $1.45.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 326 members out of 354 rating the stock outperform, and 28 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Altera a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Altera is outperform, with an average price target of $36.07.
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