Skyworks Solutions Inc reports results for the quarter ended in June - Earnings Summary

Skyworks Solutions

30/07/2024 22:00

* Skyworks Solutions Inc  SWKS.OQ  reported quarterly
adjusted
earnings of $1.21​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.73.  The mean expectation of twenty three analysts for
the quarter was for earnings of $1.21 per share. Wall Street
expected results to range from $1.19  to $1.27 per share.
    * Revenue fell 15.5% to $905.50 million from a year ago;
analysts
expected $900.40 million. 
    * Skyworks Solutions Inc's reported EPS for the quarter was
75
cents​.
    * The company reported quarterly net income of $120.9
million.
    * Skyworks Solutions Inc shares had risen by 10.2% this
quarter and gained 4.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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

Wall Street's median 12-month price target for Skyworks
Solutions Inc is $103.00 
This summary was machine generated from LSEG data July 30 at
09:00 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
 Jun. 30 2024      1.21           1.21           Met
 Mar. 31 2024      1.52           1.55           Beat
 Dec. 31 2023      1.95           1.97           Beat
 Sep. 30 2023      2.10           2.20           Beat