Macom Technology Solutions Holdings Inc Expected To Post Earnings Of 66 Cents A Share: Earnings Preview

MACOM Technology Solutions Holdings

30/07/2024 19:40

* MACOM Technology Solutions Holdings Inc  MTSI.OQ 
 MTSI.O  is
expected to show a rise in quarterly revenue when it reports 
results on August 1 for the period ending June 30 2024
    * The Lowell Massachusetts-based  company is expected to
report a
28.2% increase in revenue to $190.391 million from $148.52
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue between
$187.00 million and $193.00 million.
    * ​LSEG's mean analyst estimate for MACOM Technology
Solutions
Holdings Inc is for earnings of 66 cents per share. The
company's EPS guidance on May 2 2024, for the period ended June
30, was between $0.63 and $0.69 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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 $115.00​, above​ its last closing
price of $99.54. ​​​

The company's guidance on May 2 2024 for the period ended June
30 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  
 Mar. 31 2024  0.59        0.59       0.59      Met     0.6
 Dec. 31 2024  0.57        0.57       0.58      Beat    1.5
 Jan. 1 0001   0.56        0.56       0.56      Met     0.5​
 Jan. 1 0001   0.54        0.54       0.54      Met     0.3
 ​​Dec.        0.78        0.78       0.79      Beat    1.6
 31 2022                                                
 Jan. 1 0001   0.78        0.78       0.81      Beat    3.3​
 Jun. 30 2022  0.76        0.76                         1.5
 Jan. 1 0001   0.70        0.70                         4.1
 This summary was machine generated July 30 at 18:40 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)