The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict STEC's revenues will decrease -43.8% and EPS will shrink to a loss.
The average estimate for revenue is $40.8 million. On the bottom line, the average EPS estimate is -$0.28.
Last quarter, STEC booked revenue of $40.7 million. GAAP reported sales were 51% lower than the prior-year quarter's $82.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.27. GAAP EPS were -$1.07 for Q2 compared to $0.18 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 36.6%, 810 basis points worse than the prior-year quarter. Operating margin was -56.0%, 6,800 basis points worse than the prior-year quarter. Net margin was -121.8%, 13,360 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $177.2 million. The average EPS estimate is -$0.95.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STEC is hold, with an average price target of $7.51.
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