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Countdown to Semtech (SMTC) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
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Wall Street analysts expect Semtech (SMTC - Free Report) to post quarterly earnings of $0.62 per share in its upcoming report, which indicates a year-over-year increase of 51.2%. Revenues are expected to be $328.37 million, up 27.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Semtech metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net Sales by major end markets- High-End Consumer' reaching $39.96 million. The estimate suggests a change of -3% year over year.
Analysts forecast 'Net Sales by major end markets- Industrial' to reach $170.55 million. The estimate suggests a change of +19.2% year over year.
The collective assessment of analysts points to an estimated 'Net Sales by major end markets- Infrastructure' of $118.29 million. The estimate points to a change of +61.3% from the year-ago quarter.
The average prediction of analysts places 'Net Sales by reportable segment- Signal Integrity' at $125.46 million. The estimate suggests a change of +63.4% year over year.
The combined assessment of analysts suggests that 'Net Sales by reportable segment- Analog Mixed Signal and Wireless' will likely reach $109.99 million. The estimate points to a change of +19.6% from the year-ago quarter.
The consensus among analysts is that 'Net Sales by reportable segment- IoT Systems and Connectivity' will reach $92.71 million. The estimate indicates a change of +4.4% from the prior-year quarter.
Over the past month, shares of Semtech have returned -8.5% versus the Zacks S&P 500 composite's +3.5% change. Currently, SMTC carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Countdown to Semtech (SMTC) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect Semtech (SMTC - Free Report) to post quarterly earnings of $0.62 per share in its upcoming report, which indicates a year-over-year increase of 51.2%. Revenues are expected to be $328.37 million, up 27.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Semtech metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net Sales by major end markets- High-End Consumer' reaching $39.96 million. The estimate suggests a change of -3% year over year.
Analysts forecast 'Net Sales by major end markets- Industrial' to reach $170.55 million. The estimate suggests a change of +19.2% year over year.
The collective assessment of analysts points to an estimated 'Net Sales by major end markets- Infrastructure' of $118.29 million. The estimate points to a change of +61.3% from the year-ago quarter.
The average prediction of analysts places 'Net Sales by reportable segment- Signal Integrity' at $125.46 million. The estimate suggests a change of +63.4% year over year.
The combined assessment of analysts suggests that 'Net Sales by reportable segment- Analog Mixed Signal and Wireless' will likely reach $109.99 million. The estimate points to a change of +19.6% from the year-ago quarter.
The consensus among analysts is that 'Net Sales by reportable segment- IoT Systems and Connectivity' will reach $92.71 million. The estimate indicates a change of +4.4% from the prior-year quarter.
View all Key Company Metrics for Semtech here>>>Over the past month, shares of Semtech have returned -8.5% versus the Zacks S&P 500 composite's +3.5% change. Currently, SMTC carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .