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Coming Soon: Hittite Microwave Earnings

By Seth Jayson - Updated Apr 10, 2017 at 12:45PM

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Checking expectations

Hittite Microwave (Nasdaq: HITT) is expected to report Q1 earnings on April 25. 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 Hittite Microwave's revenues will grow 6.7% and EPS will expand 9.6%.

The average estimate for revenue is $67.6 million. On the bottom line, the average EPS estimate is $0.57.

Revenue details
Last quarter, Hittite Microwave tallied revenue of $68.5 million. GAAP reported sales were 14% higher than the prior-year quarter's $60.2 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, EPS came in at $0.57. GAAP EPS of $0.57 for Q4 were 19% lower than the prior-year quarter's $0.70 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 73.3%, 70 basis points worse than the prior-year quarter. Operating margin was 40.8%, 10 basis points worse than the prior-year quarter. Net margin was 25.9%, 940 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $285.2 million. The average EPS estimate is $2.40.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 240 members out of 252 rating the stock outperform, and 12 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Hittite Microwave a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hittite Microwave is outperform, with an average price target of $62.00.

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