Skyworks Solutions Inc expected to post earnings of $1.23 a share - Earnings Preview

Skyworks Solutions

26/07/2024 22:36

* Skyworks Solutions Inc  SWKS.OQ   SWKS.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 30
for the period ending June 30 2024
    * The Irvine California-based  company is expected to report
a
15.9% decrease in revenue to $900.396 million from $1.07 billion
a year ago, according to the mean estimate from 22 analysts,
based on LSEG data.The company's guidance on April 30 2024, for
the period ended June 30, was for revenue between $882.00
million and $918.00 million.
    * ​LSEG's mean analyst estimate for Skyworks Solutions Inc
is for
earnings of $1.23 per share. The company's EPS guidance on April
30 2024, for the period ended June 30, was about USD1.21
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 20
"hold" and 2 "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 Skyworks
Solutions Inc is $97.00​, below​ its last closing price
of $112.68. ​​​

The company's guidance on April 30 2024 for the period ended
June 30 was for gross profit margin between USD45% and USD47%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.53        1.52       1.55      Beat    1.7
 Jan. 1 2024   1.96        1.95       1.97      Beat    0.8
 Sep. 30 2023  2.10        2.10       2.20      Beat    4.7​
 Jun. 30 2023  1.69        1.70       1.73      Beat    1.9
 ​​Mar.        2.02        2.02       2.02      Met     -0.2
 31 2023                                                
 Dec. 31 2022  2.62        2.61       2.59      Missed  -0.9​
 Jan. 1 0001   2.90        2.90       3.02      Beat    4.2
 Jan. 1 0001   2.36        2.35       2.44      Beat    3.7
 This summary was machine generated July 26 at 21:36 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)