Sigma Designs (Nasdaq: SIGM) is expected to report Q2 earnings around Aug. 21. 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 Sigma Designs's revenues will grow 39.0% and EPS will remain in the red.
The average estimate for revenue is $64.9 million. On the bottom line, the average EPS estimate is -$0.31.
Revenue details
Last quarter, Sigma Designs logged revenue of $40.3 million. GAAP reported sales were 34% lower than the prior-year quarter's $60.6 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, non-GAAP EPS came in at -$0.26. GAAP EPS were -$0.42 for Q1 against -$0.18 per share for the prior-year quarter.
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 52.4%, 330 basis points better than the prior-year quarter. Operating margin was -34.7%, 2,520 basis points worse than the prior-year quarter. Net margin was -34.0%, 2,460 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $253.4 million. The average EPS estimate is -$0.96.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,344 members out of 1,392 rating the stock outperform, and 48 members rating it underperform. Among 310 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 297 give Sigma Designs a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sigma Designs is hold, with an average price target of $6.50.
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