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Curious about Microchip Tech (MCHP) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts expect Microchip Technology (MCHP - Free Report) to post quarterly earnings of $0.28 per share in its upcoming report, which indicates a year-over-year decline of 74.1%. Revenues are expected to be $1.05 billion, down 40.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.8% 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.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Microchip Tech metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Net Sales- Mixed-signal Microcontrollers' should arrive at $537.74 million. The estimate points to a change of -46% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Other' at $259.53 million. The estimate suggests a change of -23.6% year over year.
According to the collective judgment of analysts, 'Net Sales- Analog' should come in at $264.66 million. The estimate indicates a change of -38.5% from the prior-year quarter.
Microchip Tech shares have witnessed a change of -5.8% in the past month, in contrast to the Zacks S&P 500 composite's +2.7% move. With a Zacks Rank #5 (Strong Sell), MCHP 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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Curious about Microchip Tech (MCHP) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts expect Microchip Technology (MCHP - Free Report) to post quarterly earnings of $0.28 per share in its upcoming report, which indicates a year-over-year decline of 74.1%. Revenues are expected to be $1.05 billion, down 40.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.8% 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.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Microchip Tech metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Net Sales- Mixed-signal Microcontrollers' should arrive at $537.74 million. The estimate points to a change of -46% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Other' at $259.53 million. The estimate suggests a change of -23.6% year over year.
According to the collective judgment of analysts, 'Net Sales- Analog' should come in at $264.66 million. The estimate indicates a change of -38.5% from the prior-year quarter.
View all Key Company Metrics for Microchip Tech here>>>
Microchip Tech shares have witnessed a change of -5.8% in the past month, in contrast to the Zacks S&P 500 composite's +2.7% move. With a Zacks Rank #5 (Strong Sell), MCHP 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 >>>>