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RF Micro Devices Earnings Are on Deck

By Seth Jayson - Updated Apr 10, 2017 at 1:49PM

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Checking expectations

RF Micro Devices (Nasdaq: RFMD) is expected to report Q4 earnings on April 23. 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 RF Micro Devices's revenues will grow 34.5% and EPS will turn positive

The average estimate for revenue is $252.7 million. On the bottom line, the average EPS estimate is $0.05.

Revenue details
Last quarter, RF Micro Devices reported revenue of $271.2 million. GAAP reported sales were 20% higher than the prior-year quarter's $225.4 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 were -$0.01 for Q3 versus -$0.03 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 32.0%, 380 basis points better than the prior-year quarter. Operating margin was 3.3%, 430 basis points better than the prior-year quarter. Net margin was -0.5%, 370 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $936.3 million. The average EPS estimate is $0.16.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 703 members out of 748 rating the stock outperform, and 45 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give RF Micro Devices a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RF Micro Devices is outperform, with an average price target of $6.03.

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