Emulex (NYS: ELX) is expected to report Q2 earnings around Jan. 30. 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 Emulex's revenues will shrink -5.2% and EPS will drop -23.1%.
The average estimate for revenue is $121.9 million. On the bottom line, the average EPS estimate is $0.20.
Last quarter, Emulex chalked up revenue of $119.3 million. GAAP reported sales were 0.7% higher than the prior-year quarter's $118.4 million.
Last quarter, non-GAAP EPS came in at $0.19. GAAP EPS were $0.01 for Q1 compared to -$0.08 per share for the prior-year quarter.
For the preceding quarter, gross margin was 63.0%, about the same as the prior-year quarter. Operating margin was 6.9%, 1,160 basis points better than the prior-year quarter. Net margin was 0.6%, 660 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $481.7 million. The average EPS estimate is $0.73.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Emulex is hold, with an average price target of $8.05.
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The article Will These Numbers from Emulex Be Good Enough for You? 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 position in any of the stocks mentioned. 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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