TESSCO Technologies (Nasdaq: TESS ) is expected to report Q1 earnings on July 24. 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 TESSCO Technologies's revenues will shrink -28.5% and EPS will wither -23.5%.
The average estimate for revenue is $137.6 million. On the bottom line, the average EPS estimate is $0.39.
Last quarter, TESSCO Technologies recorded revenue of $158.4 million. GAAP reported sales were 19% lower than the prior-year quarter's $194.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.35. GAAP EPS of $0.35 for Q4 were 17% lower than the prior-year quarter's $0.42 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 21.4%, 190 basis points better than the prior-year quarter. Operating margin was 3.0%, much about the same as the prior-year quarter. Net margin was 1.8%, much about the same as the prior-year quarter.
The full year's average estimate for revenue is $579.7 million. The average EPS estimate is $1.94.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 182 members out of 185 rating the stock outperform, and three members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give TESSCO Technologies a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TESSCO Technologies is outperform, with an average price target of $34.00.
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