Macom Technology Solutions Holdings Inc Reports Results For The Quarter Ended In January 1: Earnings Summary

MACOM Technology Solutions Holdings

07/11/2024 17:22

* MACOM Technology Solutions Holdings Inc  MTSI.OQ  reported
quarterly adjusted earnings of 73 cents​​ per share for the
quarter ended January 1, higher than the same quarter last year,
when the company reported EPS of 56 cents.  The mean expectation
of thirteen analysts for the quarter was for earnings of 73
cents per share. Wall Street expected results to range from 72
cents to 77 cents per share.
    * Revenue rose 33.5% to $200.71 million from a year ago;
analysts
expected $200.41 million. 
    * MACOM Technology Solutions Holdings Inc's reported EPS for
the
quarter was 39 cents​.
    * The company reported quarterly net income of $29.41
million.
    * MACOM Technology Solutions Holdings Inc shares had risen
by 9.6%
this quarter and gained 31.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for MACOM Technology
Solutions Holdings Inc is 120.00 
This summary was machine generated from LSEG data November 7 at
05:21 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
 Sep. 30 2024      0.73           0.73           Met
 Jun. 30 2024      0.66           0.66           Met
 Mar. 31 2024      0.59           0.59           Met
 Dec. 31 2023      0.57           0.58           Beat