Semtech (SMTC) reported $238.37 million in revenue for the quarter ended July 2023, representing a year-over-year increase of 13.9%. EPS of $0.11 for the same period compares to $0.87 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $237.06 million, representing a surprise of +0.55%. The company delivered an EPS surprise of +450.00%, with the consensus EPS estimate being $0.02.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Semtech performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales by reportable segment- Signal Integrity Products: $46.51 million versus $57.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -46.8% change.
- Net Sales by reportable segment- IoT Connected Services: $23.89 million compared to the $10.91 million average estimate based on two analysts.
- Net Sales by reportable segment- Advanced Protection and Sensing: $48.52 million versus $49.08 million estimated by two analysts on average.
- Net Sales by reportable segment- IoT System Products: $119.46 million compared to the $114.72 million average estimate based on two analysts.
View all Key Company Metrics for Semtech here>>>
Shares of Semtech have returned -8.8% over the past month versus the Zacks S&P 500 composite’s +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Semtech Corporation (SMTC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.