Skyworks Solutions Inc <SWKS.OQ> expected to post earnings of $1.52 a share - Earnings Preview
Skyworks Solutions Inc SWKS.OQ SWKS.O is expected to show a fall in quarterly revenue when it reports results on April 30 for the period ending March 31 2024
The Irvine California-based company is expected to report a 9.3% decrease in revenue to $1.046 billion from $1.15 billion a year ago, according to the mean estimate from 23 analysts, based on LSEG data.The company's guidance on January 30 2024, for the period ended March 31, was for revenue between $1.02 billion and $1.07 billion.
LSEG's mean analyst estimate for Skyworks Solutions Inc is for earnings of $1.52 per share. The company's EPS guidance on January 30 2024, for the period ended March 31, was about USD1.52
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy," 18 "hold" and 2 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Skyworks Solutions Inc is $115.50, above its last closing price of $102.95.
The company's guidance on January 30 2024 for the period ended March 31 was for gross profit margin between USD45% and USD46%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Dec. 31 2023 | 1.96 | 1.95 | 1.97 | Beat | 0.8 |
Sep. 30 2023 | 2.10 | 2.10 | 2.20 | Beat | 4.7 |
Jun. 30 2023 | 1.69 | 1.70 | 1.73 | Beat | 1.9 |
Mar. 31 2023 | 2.02 | 2.02 | 2.02 | Met | -0.2 |
Dec. 31 2022 | 2.62 | 2.61 | 2.59 | Missed | -0.9 |
Sep. 30 2022 | 2.90 | 2.90 | 3.02 | Beat | 4.2 |
Jun. 30 2022 | 2.36 | 2.35 | 2.44 | Beat | 3.7 |
Mar. 31 2022 | 2.64 | 2.63 | 2.63 | Met | 0 |
This summary was machine generated April 26 at 20:57 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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