Semtech Corp expected to post earnings of 23 cents a share - Earnings Preview

Semtech

22/11/2024 21:10

* Semtech Corp  SMTC.OQ   SMTC.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 25 for
the period ending October 31 2024
    * The Camarillo California-based  company is expected to
report a
15.9% increase in revenue to $232.896 million from $200.9
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on August 27
2024, for the period ended October 31, was for revenue between
228.00 million and 238.00 million.
    * ​LSEG's mean analyst estimate for Semtech Corp is for
earnings
of 23 cents per share. The company's EPS guidance on August 27
2024, for the period ended October 31, was between 0.20 and
0.26 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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
$57.00​, above​ its last closing price of $50.90. ​​​

The company's guidance on August 27 2024 for the period ended
October 31 was for Earnings before Interest and Taxes between
37.4 million and 43 million.The company's guidance on August 27
2024 for the period ended October 31 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between 228
million and 51.5 million.The company's guidance on August 27
2024 for the period ended October 31 was for gross profit margin
between 51.5% and 52.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2024  0.10        0.09       0.11      Beat    15.9
 Apr. 30 2024  0.00        0.00       0.06      Beat    3,041.
                                                        4
 Jan. 31 2024  -0.05       -0.03      -0.06     Missed  -133​
 Oct. 31 2023  -0.12       -0.13      0.02      Beat    115.5
 ​​Jul.        0.02        0.02       0.11      Beat    409.7
 31 2023                                                
 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
 This summary was machine generated November 22 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)