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Microchip Tech (MCHP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Microchip Technology (MCHP - Free Report) reported revenue of $1.33 billion, down 40.6% over the same period last year. EPS came in at $0.57, compared to $1.64 in the year-ago quarter.
The reported revenue represents a surprise of -0.09% over the Zacks Consensus Estimate of $1.33 billion. With the consensus EPS estimate being $0.57, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Microchip Tech performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Mixed-signal Microcontrollers: $695.40 million compared to the $742.66 million average estimate based on five analysts. The reported number represents a change of -46.2% year over year.
Net Sales- Other: $301.20 million compared to the $252.80 million average estimate based on five analysts. The reported number represents a change of -6.7% year over year.
Net Sales- Analog: $329.20 million versus the five-analyst average estimate of $333.19 million. The reported number represents a year-over-year change of -46.7%.
Shares of Microchip Tech have returned +5.2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Microchip Tech (MCHP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Microchip Technology (MCHP - Free Report) reported revenue of $1.33 billion, down 40.6% over the same period last year. EPS came in at $0.57, compared to $1.64 in the year-ago quarter.
The reported revenue represents a surprise of -0.09% over the Zacks Consensus Estimate of $1.33 billion. With the consensus EPS estimate being $0.57, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Microchip Tech performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Mixed-signal Microcontrollers: $695.40 million compared to the $742.66 million average estimate based on five analysts. The reported number represents a change of -46.2% year over year.
- Net Sales- Other: $301.20 million compared to the $252.80 million average estimate based on five analysts. The reported number represents a change of -6.7% year over year.
- Net Sales- Analog: $329.20 million versus the five-analyst average estimate of $333.19 million. The reported number represents a year-over-year change of -46.7%.
View all Key Company Metrics for Microchip Tech here>>>Shares of Microchip Tech have returned +5.2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.