Semtech Corp expected to post breakeven results a share - Earnings Preview

Semtech

03/06/2024 21:20

* Semtech Corp  SMTC.OQ   SMTC.O  is expected to show a fall
in
quarterly revenue when it reports  results on June 5 for the
period ending April 30 2024
    * The Camarillo California-based  company is expected to
report a
15.4% decrease in revenue to $200.155 million from $236.54
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.The company's guidance on March 28
2024, for the period ended April 30, was for revenue between
195.00 million and 205.00 million.
    * ​LSEG's mean analyst estimate for Semtech Corp is for
breakeven
results per share. The company's EPS guidance on March 28 2024,
for the period ended April 30, was between -0.04 and 0.04 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"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
$42.00​, above​ its last closing price of $38.89. ​​​

The company's guidance on March 28 2024 for the period ended
April 30 was for Earnings before Interest and Taxes between 17.5
million and 23.5 million.The company's guidance on March 28 2024
for the period ended April 30 was for Earnings before Interest,
Taxes, Depreciation and Amortization of between 195 million and
30.8 million.The company's guidance on March 28 2024 for the
period ended April 30 was for gross profit margin between 48.5%
and 50.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 31 2024  -0.05       -0.03      -0.06     Missed  -133
 Oct. 31 2024  -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.        0.48        0.48       0.47      Missed  -1.9
 31 2023                                                
 Oct. 31 2022  0.63        0.63       0.65      Beat    2.8​
 Jul. 31 2022  0.85        0.85       0.87      Beat    2
 Apr. 30 2022  0.76        0.76       0.80      Beat    5.3
 This summary was machine generated June 3 at 20:20 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)