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

MACOM Technology Solutions Holdings

01/08/2024 15:24

* MACOM Technology Solutions Holdings Inc  MTSI.OQ  reported
quarterly adjusted earnings of 66 cents​​ per share for the
quarter ended in January, higher than the same quarter last
year, when the company reported EPS of 54 cents.  The mean
expectation of fourteen analysts for the quarter was
for earnings of 66 cents per share. Wall Street expected
results to range from 65 cents to 68 cents per share.
    * Revenue rose 28.3% to $190.49 million from a year ago;
analysts
expected $190.39 million. 
    * MACOM Technology Solutions Holdings Inc's reported EPS for
the
quarter was 27 cents​.
    * The company reported quarterly net income of $19.94
million.
    * MACOM Technology Solutions Holdings Inc shares had fallen
by 9.5% this quarter and gained 8.6% 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 10 "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 $115.00 
This summary was machine generated from LSEG data August 1 at
02:24 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
 Jun. 30 2024      0.66           0.66           Met
 Mar. 31 2024      0.59           0.59           Met
 Dec. 31 2023      0.57           0.58           Beat
 Sep. 30 2023      0.56           0.56           Met