Semtech Corp expected to post a loss of 3 cents a share - Earnings Preview

Semtech

26/03/2024 20:10

* Semtech Corp  SMTC.OQ   SMTC.O  is expected to show a rise
in
quarterly revenue when it reports  results on March 28 for the
period ending January 31 2024
    * The Camarillo California-based  company is expected to
report a
17.3% increase in revenue to $196.459 million from $167.51
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on December
6 2023, for the period ended January 31, was for revenue between
180.00 million and 200.00 million. (Sal is on Total revenue
basis.)
    * ​LSEG's mean analyst estimate for Semtech Corp is for a
loss
of 3 cents per share. The company's EPS guidance on December 6
2023, for the period ended January 31, was between -0.11 and
0.01 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 2
"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 Semtech
Corp is
$30.00​, above​ its last closing price of $22.27. ​​​

The company's guidance on December 6 2023 for the period ended
January 31 was for Earnings before Interest and Taxes between
12.5 million and 21.9 million.The company's guidance on December
6 2023 for the period ended January 31 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between 180
million and 29.4 million.The company's guidance on December 6
2023 for the period ended January 31 was for gross profit margin
between 47% and 49%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Oct. 31 2023  -0.12       -0.13      0.02      Beat    115.5
 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.        0.63        0.63       0.65      Beat    2.8
 31 2022                                                
 Jul. 31 2022  0.85        0.85       0.87      Beat    2​
 Apr. 30 2022  0.76        0.76       0.80      Beat    5.3
 Jan. 31 2022  0.70        0.69       0.70      Beat    0.9
 This summary was machine generated March 26 at 20:10 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)