Tower Semiconductor (Nasdaq: TSEM) is expected to report Q1 earnings on May 9. 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 Tower Semiconductor's revenues will contract -31.5% and EPS will decrease -84.0%.
The average estimate for revenue is $115.0 million. On the bottom line, the average EPS estimate is $0.24.
Revenue details
Last quarter, Tower Semiconductor booked revenue of $147.6 million. GAAP reported sales were 15% lower than the prior-year quarter's $174.6 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 $0.45. GAAP EPS were -$1.05 for Q4 compared to -$0.79 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 5.8%, 430 basis points worse than the prior-year quarter. Operating margin was -6.4%, 470 basis points worse than the prior-year quarter. Net margin was -15.8%, 620 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $557.0 million. The average EPS estimate is $1.80.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 120 members out of 126 rating the stock outperform, and six members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give Tower Semiconductor a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tower Semiconductor is buy, with an average price target of $11.88.
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