Cirrus Logic (Nasdaq: CRUS ) is expected to report Q1 earnings around July 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 Cirrus Logic's revenues will grow 62.0% and EPS will increase 127.3%.
The average estimate for revenue is $160.4 million. On the bottom line, the average EPS estimate is $0.50.
Last quarter, Cirrus Logic tallied revenue of $206.9 million. GAAP reported sales were 87% higher than the prior-year quarter's $110.6 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 $0.59. GAAP EPS of $0.40 for Q4 were 46% lower than the prior-year quarter's $0.74 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 40.4%, much worse than the prior-year quarter. Operating margin was 16.3%, 260 basis points worse than the prior-year quarter. Net margin was 12.7%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $747.3 million. The average EPS estimate is $2.17.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 933 members out of 963 rating the stock outperform, and 30 members rating it underperform. Among 188 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 184 give Cirrus Logic 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 Cirrus Logic is outperform, with an average price target of $39.25.
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