Skyworks Solutions Inc expected to post earnings of $1.52 a share - Earnings Preview

Skyworks Solutions

08/11/2024 23:51

* Skyworks Solutions Inc  SWKS.OQ   SWKS.O  is expected
to show a
fall in quarterly revenue when it reports  results on November
12 for the period ending January 1 0001
    * The Irvine California-based  company is expected to report
a
16.2% decrease in revenue to $1.021 billion from $1.22 billion a
year ago, according to the mean estimate from 22 analysts, based
on LSEG data.The company's guidance on July 30 2024, for the
period ended September 30, was for revenue between $1.00 billion
and $1.04 billion.
    * ​LSEG's mean analyst estimate for Skyworks Solutions Inc
is for
earnings of $1.52 per share. The company's EPS guidance on July
30 2024, for the period ended September 30, was about USD1.52
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 19
"hold" and 3 "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 $110.00​, above​ its last closing price
of $91.17. ​​​

The company's guidance on July 30 2024 for the period ended
September 30 was for gross profit margin between USD46% 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  
 Jun. 30 2024  1.21        1.21       1.21      Met     -0.2
 Mar. 31 2024  1.53        1.52       1.55      Beat    1.7
 Dec. 31 2023  1.96        1.95       1.97      Beat    0.8​
 Sep. 30 2023  2.10        2.10       2.20      Beat    4.7
 ​​Jun.        1.69        1.70       1.73      Beat    1.9
 30 2023                                                
 Mar. 31 2023  2.02        2.02       2.02      Met     -0.2​
 Dec. 31 2022  2.62        2.61       2.59      Missed  -0.9
 Sep. 30 2022  2.90        2.90       3.02      Beat    4.2
 This summary was machine generated November 8 at 23:51 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)