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What's in Store for QuickLogic (QUIK) in Q2 Earnings?
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Semiconductor solutions provider QuickLogic Corporation (QUIK - Free Report) is scheduled to report second-quarter 2016 earnings results after the closing bell on Aug 3. In the last reported quarter, earnings were in line with the Zacks Consensus Estimate.
QuickLogic met earnings estimates on all occasions in the trailing four quarters. Let's see how things are shaping up for this announcement.
Key Factors to Consider
During the second quarter, QuickLogic expects solid revenues from sensor processing solutions that will likely offset anticipated declines in smart connectivity, display bridge and legacy product revenues. The company presently has engagements with four of the top-ten smartphone companies in the world. In addition to these, QuickLogic is also closely engaged with several of the largest and most widely recognized wearable device manufacturers in the world. This proves that its Sensor Processing Solution strategy is resonating with market leaders across the globe and is likely to yield incremental revenues.
QuickLogic aims to continuously expand its extensive SenseMe portfolio of industry-leading sensor algorithms with the addition of new user contexts and gestures. The sensor processing solutions ensure a consistent experience for device OEMs. They also facilitate the huge group of Android developers to create distinctive, product-differentiating applications. By the end of 2016, the company expects sensor processing solutions to likely drive the vast majority of its total revenue.
QuickLogic’s S3 Platform is reportedly the lowest system power sensor processing solution currently available in the market. As mobile device manufacturers are increasingly focusing on power consumption, its S3 Platform is gaining traction. Sensory’s market leading voice trigger and speech recognition technology further enable longer battery life for products that incorporate them.
However, the company expects an increase in operating expenditure primarily driven by engineering expenses associated with the release and ongoing development of certain hardware and software solutions. Also, the company is aggressively seeking patents to protect its new innovations and has several key patent applications that are still pending.
The semiconductor industry is characterized by intense price competition and lower margins as order volumes increase. While winning large volume sales opportunities will increase revenue, these opportunities might decrease gross profit margin in the to-be-reported quarter, thereby affecting the bottom line.
Stocks to Consider
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Sun Communities Inc. (SUI - Free Report) has an Earnings ESP of +1.22% and a Zacks Rank #2 (Buy).
National Health Investors Inc. (NHI - Free Report) has an Earnings ESP of +0.83% and a Zacks Rank #2.
CDK Global Inc. has an earnings ESP of +4.26% and a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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What's in Store for QuickLogic (QUIK) in Q2 Earnings?
Semiconductor solutions provider QuickLogic Corporation (QUIK - Free Report) is scheduled to report second-quarter 2016 earnings results after the closing bell on Aug 3. In the last reported quarter, earnings were in line with the Zacks Consensus Estimate.
QuickLogic met earnings estimates on all occasions in the trailing four quarters. Let's see how things are shaping up for this announcement.
Key Factors to Consider
During the second quarter, QuickLogic expects solid revenues from sensor processing solutions that will likely offset anticipated declines in smart connectivity, display bridge and legacy product revenues. The company presently has engagements with four of the top-ten smartphone companies in the world. In addition to these, QuickLogic is also closely engaged with several of the largest and most widely recognized wearable device manufacturers in the world. This proves that its Sensor Processing Solution strategy is resonating with market leaders across the globe and is likely to yield incremental revenues.
QuickLogic aims to continuously expand its extensive SenseMe portfolio of industry-leading sensor algorithms with the addition of new user contexts and gestures. The sensor processing solutions ensure a consistent experience for device OEMs. They also facilitate the huge group of Android developers to create distinctive, product-differentiating applications. By the end of 2016, the company expects sensor processing solutions to likely drive the vast majority of its total revenue.
QUICKLOGIC CORP Price and EPS Surprise
QUICKLOGIC CORP Price and EPS Surprise | QUICKLOGIC CORP Quote
QuickLogic’s S3 Platform is reportedly the lowest system power sensor processing solution currently available in the market. As mobile device manufacturers are increasingly focusing on power consumption, its S3 Platform is gaining traction. Sensory’s market leading voice trigger and speech recognition technology further enable longer battery life for products that incorporate them.
However, the company expects an increase in operating expenditure primarily driven by engineering expenses associated with the release and ongoing development of certain hardware and software solutions. Also, the company is aggressively seeking patents to protect its new innovations and has several key patent applications that are still pending.
The semiconductor industry is characterized by intense price competition and lower margins as order volumes increase. While winning large volume sales opportunities will increase revenue, these opportunities might decrease gross profit margin in the to-be-reported quarter, thereby affecting the bottom line.
Stocks to Consider
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Sun Communities Inc. (SUI - Free Report) has an Earnings ESP of +1.22% and a Zacks Rank #2 (Buy).
National Health Investors Inc. (NHI - Free Report) has an Earnings ESP of +0.83% and a Zacks Rank #2.
CDK Global Inc. has an earnings ESP of +4.26% and a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>