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Will These Numbers from Linear Technology Be Good Enough for You?

By Seth Jayson - Updated Apr 10, 2017 at 1:53PM

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Checking expectations

Linear Technology (Nasdaq: LLTC) is expected to report Q3 earnings on April 16. 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 Linear Technology's revenues will grow 0.4% and EPS will compress 0.0%.

The average estimate for revenue is $313.5 million. On the bottom line, the average EPS estimate is $0.44.

Revenue details
Last quarter, Linear Technology recorded revenue of $305.3 million. GAAP reported sales were 3.7% higher than the prior-year quarter's $294.3 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 $0.39. GAAP EPS of $0.38 were the same as 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 74.4%, 50 basis points worse than the prior-year quarter. Operating margin was 43.5%, 170 basis points worse than the prior-year quarter. Net margin was 29.1%, 80 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.29 billion. The average EPS estimate is $1.76.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Linear Technology is hold, with an average price target of $33.80.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

Linear Technology Corporation Stock Quote
Linear Technology Corporation
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