Semtech Corp reports results for the quarter ended in January - Earnings Summary

Semtech

28/03/2024 21:37

* Semtech Corp  SMTC.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 47
cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -5 cents to 18 cents per share.
    * Revenue rose 15.2% to $192.95 million from a year ago;
analysts
expected $196.46 million. 
    * Semtech Corp's reported EPS for the quarter was a loss
of 98
cents​.
    * The company reported a quarterly loss of $642.36 million.
    * Semtech Corp shares had risen by 27.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 42.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Semtech Corp is
$30.00 
This summary was machine generated from LSEG data March 28 at
09:37 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      -0.03          -0.06          Missed
 Oct. 31 2023      -0.13          0.02           Beat
 Jul. 31 2023      0.02           0.11           Beat
 Apr. 30 2023      -0.08          0.02           Beat