Semtech Corp expected to post a loss of 13 cents a share - Earnings Preview

Semtech

04/12/2023 21:10

* Semtech Corp  SMTC.OQ   SMTC.O  is expected to show a rise
in
quarterly revenue when it reports  results  for the period
ending July 31 2023
    * The Camarillo California-based  company is expected to
report a
15.1% increase in revenue to $204.487 million from $177.62
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on October
20 2023, for the period ended October 31, was for revenue
between $190.00 million and $210.00 million. (Sal is on Total
revenue basis.)
    * ​LSEG's mean analyst estimate for Semtech Corp is for a
loss
of 13 cents per share. The company's EPS guidance on October 20
2023, for the period ended October 31, was between $-0.22 and
$-0.09 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Semtech
Corp is
$30.00​, above​ its last closing price of $16.82. ​​​

The company's guidance on September 13 2023 for the period ended
October 31 was for Capital Expenditures of USD6 million.The
company's guidance on September 13 2023 for the period ended
October 31 was for gross profit margin between USD47% and
USD49%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2023  0.02        0.02       0.11      Beat    409.7
 Apr. 30 2023  -0.08       -0.08      0.02      Beat    125.7
 Jan. 31 2023  0.48        0.48       0.47      Missed  -1.9​
 Oct. 31 2022  0.63        0.63       0.65      Beat    2.8
 ​​Jul.        0.85        0.85       0.87      Beat    2
 31 2022                                                
 Apr. 30 2022  0.76        0.76       0.80      Beat    5.3​
 Jan. 31 2022  0.70        0.69       0.70      Beat    0.9
 Oct. 31 2021  0.72        0.72       0.74      Beat    2.6
 This summary was machine generated December 4 at 21:10 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)