PMC-Sierra
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict PMC-Sierra's revenues will decrease -5.1% and EPS will compress -11.1%.
The average estimate for revenue is $130.7 million. On the bottom line, the average EPS estimate is $0.08.
Revenue details
Last quarter, PMC-Sierra chalked up revenue of $125.2 million. GAAP reported sales were 5.2% lower than the prior-year quarter's $132.1 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 $0.07. GAAP EPS were -$0.03 for Q1 against -$0.29 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 70.2%, 120 basis points better than the prior-year quarter. Operating margin was -4.7%, 150 basis points better than the prior-year quarter. Net margin was -5.5%, much better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $536.7 million. The average EPS estimate is $0.40.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 210 members out of 233 rating the stock outperform, and 23 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give PMC-Sierra 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 PMC-Sierra is hold, with an average price target of $6.15.
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