Skyworks Solutions Inc reports results for the quarter ended September 30 - Earnings Summary

Skyworks Solutions

12/11/2024 23:30

* Skyworks Solutions Inc  SWKS.OQ  reported quarterly
adjusted
earnings of $1.55​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $2.20.  The mean expectation of twenty
three analysts for the quarter was for earnings of $1.52 per
share. Wall Street expected results to range from $1.52 
to $1.56 per share.
    * Revenue fell 15.9% to $1.02 billion from a year ago;
analysts
expected $1.02 billion. 
    * Skyworks Solutions Inc's reported EPS for the quarter was
37
cents​.
    * The company reported quarterly net income of $60.5
million.
    * Skyworks Solutions Inc shares had fallen by 10.9% this
quarter and lost 21.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 19
"hold" and 3 "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 110.00 
This summary was machine generated from LSEG data November 12 at
11:30 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
 Sep. 30 2024      1.52           1.55           Beat
 Jun. 30 2024      1.21           1.21           Met
 Mar. 31 2024      1.52           1.55           Beat
 Dec. 31 2023      1.95           1.97           Beat