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Will TriQuint Semiconductor Beat These Analyst Estimates?

By Seth Jayson - Updated Apr 7, 2017 at 12:16PM

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Checking expectations

TriQuint Semiconductor (Nasdaq: TQNT) is expected to report Q3 earnings on Oct. 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 TriQuint Semiconductor's revenues will shrink -7.2% and EPS will contract -100.0%.

The average estimate for revenue is $200.4 million. On the bottom line, the average EPS estimate is $0.00.

Revenue details
Last quarter, TriQuint Semiconductor notched revenue of $178.0 million. GAAP reported sales were 22% lower than the prior-year quarter's $228.8 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 -$0.09. GAAP EPS were -$0.08 for Q2 compared to $0.10 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 26.2%, 1,410 basis points worse than the prior-year quarter. Operating margin was -10.7%, 2,330 basis points worse than the prior-year quarter. Net margin was -7.3%, 1,450 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $814.9 million. The average EPS estimate is -$0.02.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 585 members out of 602 rating the stock outperform, and 17 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give TriQuint Semiconductor a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriQuint Semiconductor is hold, with an average price target of $5.92.

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