Atmel (Nasdaq: ATML) is expected to report Q3 earnings on Nov. 1. 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 Atmel's revenues will contract -23.4% and EPS will shrink -65.4%.
The average estimate for revenue is $367.1 million. On the bottom line, the average EPS estimate is $0.09.
Revenue details
Last quarter, Atmel reported revenue of $368.2 million. GAAP reported sales were 23% lower than the prior-year quarter's $478.6 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 $0.08. GAAP EPS contracted to zero from the prior-year quarter's $0.19.
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 44.0%, 780 basis points worse than the prior-year quarter. Operating margin was 6.7%, 1,670 basis points worse than the prior-year quarter. Net margin was 0.2%, 1,880 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.48 billion. The average EPS estimate is $0.37.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 385 members out of 422 rating the stock outperform, and 37 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Atmel 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 Atmel is outperform, with an average price target of $10.46.
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