Cypress Semiconductor (Nasdaq: CY) is expected to report Q2 earnings on July 19. 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 Cypress Semiconductor's revenues will wither 19.9% and EPS will contract 43.8%.
The average estimate for revenue is $204.2 million. On the bottom line, the average EPS estimate is $0.18.
Revenue details
Last quarter, Cypress Semiconductor reported revenue of $185.1 million. GAAP reported sales were 21% lower than the prior-year quarter's $233.1 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 $0.12. GAAP EPS were -$0.13 for Q1 compared to $0.28 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 49.6%, 560 basis points worse than the prior-year quarter. Operating margin was -9.4%, 1,860 basis points worse than the prior-year quarter. Net margin was -10.5%, 3,430 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $851.6 million. The average EPS estimate is $0.84.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS. Among 197 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 184 give Cypress Semiconductor 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 Cypress Semiconductor is outperform, with an average price target of $18.97.
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