RF Micro Devices (Nasdaq: RFMD) is expected to report Q2 earnings on Oct. 23. 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 RF Micro Devices's revenues will wither -18.9% and EPS will compress -90.9%.
The average estimate for revenue is $197.8 million. On the bottom line, the average EPS estimate is $0.01.
Revenue details
Last quarter, RF Micro Devices reported revenue of $202.7 million. GAAP reported sales were 5.4% lower than the prior-year quarter's $214.2 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 $0.01. GAAP EPS were -$0.07 for Q1 versus $0.03 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 31.7%, 480 basis points worse than the prior-year quarter. Operating margin was -3.9%, 1,080 basis points worse than the prior-year quarter. Net margin was -9.4%, 1,360 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $828.6 million. The average EPS estimate is $0.06.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 692 members out of 736 rating the stock outperform, and 44 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give RF Micro Devices a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RF Micro Devices is hold, with an average price target of $6.14.
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