MIPS Technologies's Upcoming Earnings: What You Need To Know

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MIPS Technologies (NAS: MIPS) is expected to report Q2 earnings around Nov. 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 MIPS Technologies's revenues will wither -4.0% and EPS will shrink to a loss.

The average estimate for revenue is $14.7 million. On the bottom line, the average EPS estimate is -$0.03.


Revenue details
Last quarter, MIPS Technologies recorded revenue of $13.9 million. GAAP reported sales were 19% lower than the prior-year quarter's $17.2 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 -$0.01. GAAP EPS were -$0.08 for Q1 against $0.01 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 97.4%, 110 basis points worse than the prior-year quarter. Operating margin was -33.8%, 3,930 basis points worse than the prior-year quarter. Net margin was -31.0%, 3,400 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $58.5 million. The average EPS estimate is -$0.10.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 283 members out of 317 rating the stock outperform, and 34 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give MIPS Technologies a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MIPS Technologies is outperform, with an average price target of $8.00.

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The article MIPS Technologies's 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. The Motley Fool has no positions in the stocks mentioned above. 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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