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Ahead of NXP (NXPI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that NXP Semiconductors (NXPI - Free Report) will report quarterly earnings of $3.43 per share in its upcoming release, pointing to a year-over-year decline of 7.3%. It is anticipated that revenues will amount to $3.25 billion, exhibiting a decline of 5.3% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain NXP metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Automotive' will reach $1.81 billion. The estimate suggests a change of -4.2% year over year.
The combined assessment of analysts suggests that 'Revenue- Communications Infrastructure & Other' will likely reach $416.68 million. The estimate indicates a year-over-year change of -25.5%.
Analysts expect 'Revenue- Industrial & IoT' to come in at $626.98 million. The estimate indicates a year-over-year change of +3.3%.
The collective assessment of analysts points to an estimated 'Revenue- Mobile' of $395.88 million. The estimate indicates a year-over-year change of +5%.
NXP shares have witnessed a change of +10.1% in the past month, in contrast to the Zacks S&P 500 composite's +1.8% move. With a Zacks Rank #4 (Sell), NXPI is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Ahead of NXP (NXPI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts forecast that NXP Semiconductors (NXPI - Free Report) will report quarterly earnings of $3.43 per share in its upcoming release, pointing to a year-over-year decline of 7.3%. It is anticipated that revenues will amount to $3.25 billion, exhibiting a decline of 5.3% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain NXP metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Automotive' will reach $1.81 billion. The estimate suggests a change of -4.2% year over year.
The combined assessment of analysts suggests that 'Revenue- Communications Infrastructure & Other' will likely reach $416.68 million. The estimate indicates a year-over-year change of -25.5%.
Analysts expect 'Revenue- Industrial & IoT' to come in at $626.98 million. The estimate indicates a year-over-year change of +3.3%.
The collective assessment of analysts points to an estimated 'Revenue- Mobile' of $395.88 million. The estimate indicates a year-over-year change of +5%.
View all Key Company Metrics for NXP here>>>
NXP shares have witnessed a change of +10.1% in the past month, in contrast to the Zacks S&P 500 composite's +1.8% move. With a Zacks Rank #4 (Sell), NXPI is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>