Macom Technology Solutions Holdings Inc Expected To Post Earnings Of 59 Cents A Share: Earnings Preview

MACOM Technology Solutions Holdings

30/04/2024 17:29

* MACOM Technology Solutions Holdings Inc  MTSI.OQ 
 MTSI.O  is
expected to show a rise in quarterly revenue when it reports 
results on May 2 for the period ending March 31 2024
    * The Lowell Massachusetts-based  company is expected to
report a
6.8% increase in revenue to $180.925 million from $169.41
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on February
1 2024, for the period ended March 31, was for revenue between
$178.00 million and $184.00 million.
    * ​LSEG's mean analyst estimate for MACOM Technology
Solutions
Holdings Inc is for earnings of 59 cents per share. The
company's EPS guidance on February 1 2024, for the period ended
March 31, was between $0.56 and $0.62 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for MACOM
Technology
Solutions Holdings Inc is $100.00​, below​ its last closing
price of $104.00. ​​​

The company's guidance on February 1 2024 for the period ended
March 31 was for gross profit margin between USD56% and USD58%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.57        0.57       0.58      Beat    1.5
 Sep. 30 2023  0.56        0.56       0.56      Met     0.5
 Jan. 1 0001   0.54        0.54       0.54      Met     0.3​
 Jan. 1 0001   0.78        0.78       0.79      Beat    1.6
 ​​Dec.        0.78        0.78       0.81      Beat    3.3
 31 2022                                                
 Sep. 30 2022  0.76        0.76       0.77      Beat    1.5​
 Jan. 1 0001   0.70        0.70       0.73      Beat    4.1
 Mar. 31 2022  0.66        0.66       0.68      Beat    3.5
 This summary was machine generated April 30 at 16:29 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)