Semtech Corp reports results for the quarter ended October 31 - Earnings Summary

Semtech

25/11/2024 22:01

* Semtech Corp  SMTC.OQ  reported quarterly adjusted
earnings of
26 cents​​ per share for the quarter ended October 31, higher
than the same quarter last year, when the company reported EPS
of 2 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 23 cents to 25 cents per share.
    * Revenue rose 17.9% to $236.80 million from a year ago;
analysts
expected $232.90 million. 
    * Semtech Corp's reported EPS for the quarter was a loss
of 10
cents​.
    * The company reported a quarterly loss of $7.6 million.
    * Semtech Corp shares had risen by 11.5% this quarter and
gained 132.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.7%
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 11 "strong buy" or "buy," 2
"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
$59.00 
This summary was machine generated from LSEG data November 25 at
10:00 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
 Oct. 31 2024      0.23           0.26           Beat
 Jul. 31 2024      0.09           0.11           Beat
 Apr. 30 2024      0.00           0.06           Beat
 Jan. 31 2024      -0.03          -0.06          Missed