Ixia (NAS: XXIA) 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 Ixia's revenues will expand 38.8% and EPS will grow 25.0%.
The average estimate for revenue is $107.3 million. On the bottom line, the average EPS estimate is $0.20.
Last quarter, Ixia booked revenue of $92.3 million. GAAP reported sales were 34% higher than the prior-year quarter's $69.0 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 $0.18. GAAP EPS of $0.33 for Q2 were much higher than the prior-year quarter's $0.01 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 81.6%, 280 basis points better than the prior-year quarter. Operating margin was 13.3%, 940 basis points better than the prior-year quarter. Net margin was 29.1%, 2,840 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $407.9 million. The average EPS estimate is $0.75.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 59 members out of 70 rating the stock outperform, and 11 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Ixia a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ixia is outperform, with an average price target of $14.25.
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The article Are You Expecting This from Ixia? originally appeared on Fool.com.
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