Skyworks Solutions (NAS: SWKS) is expected to report Q3 earnings on July 18. 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 Skyworks Solutions' revenues will improve 7.6% and EPS will compress -10.2%.
The average estimate for revenue is $383.0 million. On the bottom line, the average EPS estimate is $0.44.
Last quarter, Skyworks Solutions notched revenue of $364.7 million. GAAP reported sales were 12% higher than the prior-year quarter's $325.4 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 $0.42. GAAP EPS of $0.18 for Q2 were 31% lower than the prior-year quarter's $0.26 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 41.8%, 150 basis points worse than the prior-year quarter. Operating margin was 14.2%, 680 basis points worse than the prior-year quarter. Net margin was 9.3%, 610 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.56 billion. The average EPS estimate is $1.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 644 members out of 676 rating the stock outperform, and 33 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 118 give Skyworks Solutions a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Skyworks Solutions is outperform, with an average price target of $30.22.
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The article Coming Soon: Skyworks Solutions Earnings originally appeared on Fool.com.
Seth Jaysonhad 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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