Applied Micro Circuits' Upcoming Earnings: What You Need to Know

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Applied Micro Circuits (NAS: AMCC) is expected to report Q1 earnings on July 26. 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 Applied Micro Circuits' revenues will wither -34.2% and EPS will shrink to a loss.

The average estimate for revenue is $40.1 million. On the bottom line, the average EPS estimate is -$0.20.


Revenue details
Last quarter, Applied Micro Circuits logged revenue of $48.8 million. GAAP reported sales were 17% lower than the prior-year quarter's $58.6 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 -$0.10. GAAP EPS were -$1.10 for Q4 against -$0.06 per share for the prior-year quarter.

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 57.0%, 50 basis points better than the prior-year quarter. Operating margin was -30.8%, 1,840 basis points worse than the prior-year quarter. Net margin was -138.6%, 13,180 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $208.0 million. The average EPS estimate is -$0.50.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 121 members out of 154 rating the stock outperform, and 33 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Applied Micro Circuits a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Applied Micro Circuits is outperform, with an average price target of $9.79.

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The article Applied Micro Circuits' Upcoming Earnings: What You Need to Know originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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