Spreadtrum Communications (Nasdaq: SPRD) is expected to report Q3 earnings on Nov. 8. 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 Spreadtrum Communications's revenues will shrink -0.8% and EPS will wither -34.7%.
The average estimate for revenue is $183.4 million. On the bottom line, the average EPS estimate is $0.49.
Revenue details
Last quarter, Spreadtrum Communications tallied revenue of $173.1 million. GAAP reported sales were 8.1% higher than the prior-year quarter's $160.2 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 $0.41. GAAP EPS of $0.42 for Q2 were 30% lower than the prior-year quarter's $0.60 per share.
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 37.1%, 490 basis points worse than the prior-year quarter. Operating margin was 13.5%, 770 basis points worse than the prior-year quarter. Net margin was 12.1%, 820 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $709.3 million. The average EPS estimate is $2.05.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 266 members out of 334 rating the stock outperform, and 68 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Spreadtrum Communications a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spreadtrum Communications is outperform, with an average price target of $20.81.
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