We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Maxim (MXIM) to Report Q3 Earnings: What's in the Offing?
Read MoreHide Full Article
Maxim Integrated Products, Inc. is set to report third-quarter fiscal 2021 results on Apr 26. The original equipment manufacturer of semiconductor analog and mixed signal integrated circuits has a wide range of products that allow it to serve a diverse clientele.
For the to-be-reported quarter, the Zacks Consensus Estimate for earnings has remained stable at 75 cents per share over the past 30 days. This indicates an increase of 22.95% from the year-ago reported figure.
The consensus mark for revenues is pegged at $641.3 million, implying an increase of 14.13% from the year-ago reported figure.
Maxim Integrated Products, Inc. Price and EPS Surprise
In fiscal second-quarter 2021, earnings of 73 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The figure increased 30.4% year over year.
Net sales of $628.3 million also improved 14% from the year-ago period.
Let’s see how things have shaped up for this announcement.
In the fiscal second quarter, the Automotive end market generated 30% of total revenues. The figure increased 30% year over year. Also, the Industrial market generated approximately 33%, up 19% year over year.
The trend in automotive is expected to have continued in the to-be-reported quarter driven by increasing growth in infotainment content and factory automation products in areas of interface as well as power management.
The company has been witnessing increasing customer wins in this segment. Its expertise in Automotive Safety Integrity Levels is expected to have been a key catalyst in the quarter.
Revenues from the industrial segment are expected to have increased, primarily owing to an uptick in test equipment demand.
The Zacks Consensus Estimate for Automotive and industrial revenues is currently pegged at $191 million and 213 million, respectively. The consensus mark for revenues from the consumer segment is pegged at $125 million, while the same for the communications and data center segment is $113 million.
Moreover, Maxim’s exposure to consumer and communications markets may have been a risk. Also, macroeconomic concerns can impact the upcoming results.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Maxim for the to-be-reported quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Maxim has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently has a Zacks Rank #3.
Stocks to Consider
Here are a few companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat in the quarter to be reported.
Verizon Communications Inc. (VZ - Free Report) has an Earnings ESP of +0.41% and a Zacks Rank #3.
NXP Semiconductors N.V. (NXPI - Free Report) has an Earnings ESP of +2.26% and a Zacks Rank #3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Maxim (MXIM) to Report Q3 Earnings: What's in the Offing?
Maxim Integrated Products, Inc. is set to report third-quarter fiscal 2021 results on Apr 26. The original equipment manufacturer of semiconductor analog and mixed signal integrated circuits has a wide range of products that allow it to serve a diverse clientele.
For the to-be-reported quarter, the Zacks Consensus Estimate for earnings has remained stable at 75 cents per share over the past 30 days. This indicates an increase of 22.95% from the year-ago reported figure.
The consensus mark for revenues is pegged at $641.3 million, implying an increase of 14.13% from the year-ago reported figure.
Maxim Integrated Products, Inc. Price and EPS Surprise
Maxim Integrated Products, Inc. price-eps-surprise | Maxim Integrated Products, Inc. Quote
Performance in the Last Reported Quarter
In fiscal second-quarter 2021, earnings of 73 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The figure increased 30.4% year over year.
Net sales of $628.3 million also improved 14% from the year-ago period.
Let’s see how things have shaped up for this announcement.
In the fiscal second quarter, the Automotive end market generated 30% of total revenues. The figure increased 30% year over year. Also, the Industrial market generated approximately 33%, up 19% year over year.
The trend in automotive is expected to have continued in the to-be-reported quarter driven by increasing growth in infotainment content and factory automation products in areas of interface as well as power management.
The company has been witnessing increasing customer wins in this segment. Its expertise in Automotive Safety Integrity Levels is expected to have been a key catalyst in the quarter.
Revenues from the industrial segment are expected to have increased, primarily owing to an uptick in test equipment demand.
The Zacks Consensus Estimate for Automotive and industrial revenues is currently pegged at $191 million and 213 million, respectively. The consensus mark for revenues from the consumer segment is pegged at $125 million, while the same for the communications and data center segment is $113 million.
Moreover, Maxim’s exposure to consumer and communications markets may have been a risk. Also, macroeconomic concerns can impact the upcoming results.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Maxim for the to-be-reported quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Maxim has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently has a Zacks Rank #3.
Stocks to Consider
Here are a few companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat in the quarter to be reported.
Waters Corporation (WAT - Free Report) has an Earnings ESP of +2.94% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Verizon Communications Inc. (VZ - Free Report) has an Earnings ESP of +0.41% and a Zacks Rank #3.
NXP Semiconductors N.V. (NXPI - Free Report) has an Earnings ESP of +2.26% and a Zacks Rank #3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2021 today >>