Macom Technology Solutions Holdings Inc Reports Results For The Quarter Ended In December: Earnings Summary

MACOM Technology Solutions Holdings

01/02/2024 14:33

* MACOM Technology Solutions Holdings Inc  MTSI.OQ  reported
quarterly adjusted earnings of 58 cents​​ per share for the
quarter ended in December, lower than the same quarter last
year, when the company reported EPS of 81 cents.  The mean
expectation of twelve analysts for the quarter was for earnings
of 57 cents per share. Wall Street expected results to range
from 55 cents to 58 cents per share.
    * Revenue fell 12.7% to $157.15 million from a year ago;
analysts
expected $152.12 million. 
    * MACOM Technology Solutions Holdings Inc's reported EPS for
the
quarter was 17 cents​.
    * The company reported quarterly net income of $12.53
million.
    * MACOM Technology Solutions Holdings Inc shares had fallen
by 7.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for MACOM
Technology
Solutions Holdings Inc is $93.50 

This summary was machine generated from LSEG data February 1 at
02:33 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.57           0.58           Beat
 Sep. 30 2023      0.56           0.56           Met
 Jun. 30 2023      0.54           0.54           Met
 Mar. 31 2023      0.78           0.79           Beat