Semtech Corp expected to post earnings of 9 cents a share - Earnings Preview

Semtech

23/08/2024 21:05

* Semtech Corp  SMTC.OQ   SMTC.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 27 for the
period ending July 31 2024
    * The Camarillo California-based  company is expected to
report a
10.9% decrease in revenue to $212.304 million from $238.37
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.The company's guidance on June 5
2024, for the period ended July 31, was for revenue between
207.00 million and 217.00 million.
    * ​LSEG's mean analyst estimate for Semtech Corp is for
earnings
of 9 cents per share. The company's EPS guidance on June 5 2024,
for the period ended July 31, was between 0.06 and 0.12 
    * 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
$50.00​, above​ its last closing price of $35.30. ​​​

The company's guidance on June 5 2024 for the period ended July
31 was for Earnings before Interest and Taxes between 25.9
million and 31.1 million.The company's guidance on June 5 2024
for the period ended July 31 was for Earnings before Interest,
Taxes, Depreciation and Amortization of between 207 million and
38.9 million.The company's guidance on June 5 2024 for the
period ended July 31 was for gross profit margin between 49.5%
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  
 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. 31 2023  0.02        0.02       0.11      Beat    409.7
 ​​Apr.        -0.08       -0.08      0.02      Beat    125.7
 30 2023                                                
 Jan. 31 2023  0.48        0.48       0.47      Missed  -1.9​
 Jan. 1 0001   0.63        0.63       0.65      Beat    2.8
 Jul. 31 2022  0.85        0.85       0.87      Beat    2
 This summary was machine generated August 23 at 20:05 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)