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Microchip Tech (MCHP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Microchip Technology (MCHP - Free Report) reported $1.16 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 48.4%. EPS of $0.46 for the same period compares to $1.62 a year ago.
The reported revenue represents a surprise of +1.09% over the Zacks Consensus Estimate of $1.15 billion. With the consensus EPS estimate being $0.43, the EPS surprise was +6.98%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $594.60 million versus the seven-analyst average estimate of $590.98 million. The reported number represents a year-over-year change of -53.6%.
Net Sales- Other: $277.10 million versus the seven-analyst average estimate of $249.12 million. The reported number represents a year-over-year change of -21.1%.
Net Sales- Analog: $292.10 million compared to the $311.56 million average estimate based on seven analysts. The reported number represents a change of -53.1% year over year.
Shares of Microchip Tech have returned -2.6% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Microchip Tech (MCHP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Microchip Technology (MCHP - Free Report) reported $1.16 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 48.4%. EPS of $0.46 for the same period compares to $1.62 a year ago.
The reported revenue represents a surprise of +1.09% over the Zacks Consensus Estimate of $1.15 billion. With the consensus EPS estimate being $0.43, the EPS surprise was +6.98%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $594.60 million versus the seven-analyst average estimate of $590.98 million. The reported number represents a year-over-year change of -53.6%.
- Net Sales- Other: $277.10 million versus the seven-analyst average estimate of $249.12 million. The reported number represents a year-over-year change of -21.1%.
- Net Sales- Analog: $292.10 million compared to the $311.56 million average estimate based on seven analysts. The reported number represents a change of -53.1% year over year.
View all Key Company Metrics for Microchip Tech here>>>Shares of Microchip Tech have returned -2.6% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.