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Does The Street Have LSI Figured Out?

By Seth Jayson - Updated Apr 10, 2017 at 1:48PM

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Checking expectations

LSI (Nasdaq: LSI) is expected to report Q1 earnings on April 24. 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 LSI's revenues will drop -10.7% and EPS will decrease -40.0%.

The average estimate for revenue is $556.0 million. On the bottom line, the average EPS estimate is $0.12.

Revenue details
Last quarter, LSI booked revenue of $600.1 million. GAAP reported sales were 15% higher than the prior-year quarter's $523.1 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 $0.18. GAAP EPS of $0.04 for Q4 were much higher than the prior-year quarter's $0.00 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 50.1%, 340 basis points better than the prior-year quarter. Operating margin was 7.8%, 520 basis points better than the prior-year quarter. Net margin was 3.8%, 410 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.42 billion. The average EPS estimate is $0.60.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LSI is outperform, with an average price target of $8.49.

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