Microchip Technology is expected to report Q4 earnings around May 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Microchip Technology's revenues will grow 26.0% and EPS will grow 2.2%.
The average estimate for revenue is $427.0 million. On the bottom line, the average EPS estimate is $0.47.
Last quarter, Microchip Technology logged revenue of $416.0 million. GAAP reported sales were 26% higher than the prior-year quarter's $329.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.41. GAAP EPS of $0.05 for Q3 were 87% lower than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 58.1%, 60 basis points better than the prior-year quarter. Operating margin was 14.7%, much worse than the prior-year quarter. Net margin was 2.4%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $1.60 billion. The average EPS estimate is $1.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 306 members out of 325 rating the stock outperform, and 19 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Microchip Technology a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Microchip Technology is outperform, with an average price target of $34.89.
Is Microchip Technology the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Microchip Technology to My Watchlist.
Copyright © 2009 The Motley Fool, LLC. All rights reserved.