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Coming Soon: QLogic Earnings

Monday - 4/29/2013, 2:00am  ET

QLogic is expected to report Q4 earnings on May 2. 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 QLogic's revenues will wane -14.9% and EPS will wane -50.0%.

The average estimate for revenue is $115.0 million. On the bottom line, the average EPS estimate is $0.17.

Revenue details
Last quarter, QLogic logged revenue of $119.4 million. GAAP reported sales were 16% lower than the prior-year quarter's $142.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.20. GAAP EPS of $0.14 for Q3 were 53% lower than the prior-year quarter's $0.30 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 67.3%, 60 basis points worse than the prior-year quarter. Operating margin was 12.1%, much worse than the prior-year quarter. Net margin was 11.1%, 990 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $482.2 million. The average EPS estimate is $0.81.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 277 members out of 295 rating the stock outperform, and 18 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give QLogic a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QLogic is hold, with an average price target of $10.36.

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This article was originally published as Coming Soon: QLogic Earningson Fool.com

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