In its upcoming report, Monolithic Power (MPWR) is predicted by Wall Street analysts to post quarterly earnings of $4.73 per share, reflecting an increase of 15.7% compared to the same period last year. Revenues are forecasted to be $740.72 million, representing a year-over-year increase of 19.2%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Monolithic metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Revenue by End Market- Storage and Computing' to reach $178.66 million. The estimate indicates a change of +30.9% from the prior-year quarter.
It is projected by analysts that the 'Revenue by End Market- Communications' will reach $76.24 million. The estimate points to a change of +19.5% from the year-ago quarter.
Analysts predict that the 'Revenue by End Market- Automotive' will reach $157.68 million. The estimate points to a change of +22.9% from the year-ago quarter.
Analysts' assessment points toward 'Revenue by End Market- Enterprise Data' reaching $208.36 million. The estimate suggests a change of +6.9% year over year.
Analysts expect 'Revenue by End Market- Industrial' to come in at $59.35 million. The estimate suggests a change of +45.4% year over year.
The combined assessment of analysts suggests that 'Revenue by End Market- Consumer' will likely reach $60.57 million. The estimate points to a change of +5.7% from the year-ago quarter.
View all Key Company Metrics for Monolithic here>>>
Over the past month, Monolithic shares have recorded returns of +22.9% versus the Zacks S&P 500 composite's +1.8% change. Based on its Zacks Rank #2 (Buy), MPWR will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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