Semtech Corp expected to post earnings of 23 cents a share - Earnings Preview

• Semtech Corp SMTC.OQ SMTC.O is expected to show a rise in quarterly revenue when it reports results on November 25 for the period ending October 31 2024

• The Camarillo California-based company is expected to report a 15.9% increase in revenue to $232.896 million from $200.9 million a year ago, according to the mean estimate from 12 analysts, based on LSEG data.The company's guidance on August 27 2024, for the period ended October 31, was for revenue between 228.00 million and 238.00 million.

• ​LSEG's mean analyst estimate for Semtech Corp is for earnings of 23 cents per share. The company's EPS guidance on August 27 2024, for the period ended October 31, was between 0.20 and 0.26

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 2 "hold" and no "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 Semtech Corp is $57.00​, above​ its last closing price of $50.90. ​​​

The company's guidance on August 27 2024 for the period ended October 31 was for Earnings before Interest and Taxes between 37.4 million and 43 million.The company's guidance on August 27 2024 for the period ended October 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between 228 million and 51.5 million.The company's guidance on August 27 2024 for the period ended October 31 was for gross profit margin between 51.5% and 52.5%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated November 22 at 21:10 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)