Can LTX-Credence Meet These Numbers?
LTX-Credence (NAS: LTXC) is expected to report Q4 earnings on Aug. 29. 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 LTX-Credence's revenues will drop -29.5% and EPS will drop -88.9%.
The average estimate for revenue is $44.2 million. On the bottom line, the average EPS estimate is $0.03.
Last quarter, LTX-Credence chalked up revenue of $30.8 million. GAAP reported sales were 47% lower than the prior-year quarter's $58.7 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 -$0.10. GAAP EPS were -$0.14 for Q3 versus $0.47 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 51.3%, 1,090 basis points worse than the prior-year quarter. Operating margin was -19.6%, 3,650 basis points worse than the prior-year quarter. Net margin was -21.5%, 6,180 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $132.9 million. The average EPS estimate is -$0.35.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 107 members out of 118 rating the stock outperform, and 11 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give LTX-Credence 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 LTX-Credence is outperform, with an average price target of $9.00.
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The article Can LTX-Credence Meet These Numbers? 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.