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.
Silicon Motion (SIMO) to Report Q4 Earnings: What's in Store?
Read MoreHide Full Article
Silicon Motion Technology Corporation (SIMO - Free Report) is scheduled to report fourth-quarter 2021 results on Jan 26, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 4.9%. The bottom line surpassed the Zacks Consensus Estimate by 8 cents.
The Hong Kong-based company is expected to have recorded year-over-year higher revenues on the back of increased sales of SSD and eMMC and UFS controllers, which are used in smartphones, PCs and commercial and industrial applications.
During the quarter, Silicon Motion unveiled its leading-edge SSD controllers, SSDs solutions, Single-Chip SSD for boot drive, All Flash Array and Software-defined storage solutions for enterprise and data center customers. This is likely to have had a positive impact on the company’s performance.
For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $248 million, which indicates growth of 72.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at $1.77, suggesting an increase of 105.8%.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Silicon Motion this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Silicon Motion’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +1.13% as the former is pegged at $1.79 and the latter at $1.77.
Silicon Motion Technology Corporation Price and EPS Surprise
Zacks Rank: Silicon Motion currently has a Zacks Rank #5 (Strong Sell).
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:
Vertex Pharmaceuticals Incorporated (VRTX - Free Report) is scheduled to release fourth-quarter 2021 results on Jan 26. Vertex Pharmaceuticals has an Earnings ESP of +4.98% and a Zacks Rank #2.
Meritage Homes Corporation (MTH - Free Report) has an Earnings ESP of +0.72% and a Zacks Rank #2. Meritage Homes is set to report fourth-quarter 2021 results on Jan 26.
Image: Bigstock
Silicon Motion (SIMO) to Report Q4 Earnings: What's in Store?
Silicon Motion Technology Corporation (SIMO - Free Report) is scheduled to report fourth-quarter 2021 results on Jan 26, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 4.9%. The bottom line surpassed the Zacks Consensus Estimate by 8 cents.
The Hong Kong-based company is expected to have recorded year-over-year higher revenues on the back of increased sales of SSD and eMMC and UFS controllers, which are used in smartphones, PCs and commercial and industrial applications.
During the quarter, Silicon Motion unveiled its leading-edge SSD controllers, SSDs solutions, Single-Chip SSD for boot drive, All Flash Array and Software-defined storage solutions for enterprise and data center customers. This is likely to have had a positive impact on the company’s performance.
For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $248 million, which indicates growth of 72.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at $1.77, suggesting an increase of 105.8%.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Silicon Motion this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Silicon Motion’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +1.13% as the former is pegged at $1.79 and the latter at $1.77.
Silicon Motion Technology Corporation Price and EPS Surprise
Silicon Motion Technology Corporation price-eps-surprise | Silicon Motion Technology Corporation Quote
Zacks Rank: Silicon Motion currently has a Zacks Rank #5 (Strong Sell).
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:
Tesla, Inc. (TSLA - Free Report) is slated to release fourth-quarter 2021 results on Jan 26. Tesla has an Earnings ESP of +4.69% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vertex Pharmaceuticals Incorporated (VRTX - Free Report) is scheduled to release fourth-quarter 2021 results on Jan 26. Vertex Pharmaceuticals has an Earnings ESP of +4.98% and a Zacks Rank #2.
Meritage Homes Corporation (MTH - Free Report) has an Earnings ESP of +0.72% and a Zacks Rank #2. Meritage Homes is set to report fourth-quarter 2021 results on Jan 26.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.