Can Silicon Motion Technology Meet These Numbers?
Silicon Motion Technology (NAS: SIMO) is expected to report Q3 earnings on Oct. 24. 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 Silicon Motion Technology's revenues will grow 17.8% and EPS will wither -33.9%.
The average estimate for revenue is $74.5 million. On the bottom line, the average EPS estimate is $0.37.
Last quarter, Silicon Motion Technology booked revenue of $69.7 million. GAAP reported sales were 38% higher than the prior-year quarter's $50.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.32. GAAP EPS of $0.32 for Q2 were 129% higher than the prior-year quarter's $0.14 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 48.9%, 210 basis points better than the prior-year quarter. Operating margin was 19.4%, 350 basis points better than the prior-year quarter. Net margin was 15.3%, 640 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $285.6 million. The average EPS estimate is $1.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 773 members out of 793 rating the stock outperform, and 20 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 168 give Silicon Motion Technology a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Motion Technology is buy, with an average price target of $30.00.
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The article Can Silicon Motion Technology 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.
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