Wall Street analysts expect M/A-Com (MTSI) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year increase of 42.4%. Revenues are expected to be $230.08 million, up 27% from the year-ago quarter.
The current level reflects an upward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some M/A-Com metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenue by Primary Markets- Telecommunications' will reach $57.36 million. The estimate indicates a year-over-year change of +21.5%.
According to the collective judgment of analysts, 'Revenue by Primary Markets- Industrial & Defense' should come in at $100.92 million. The estimate points to a change of +11% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue by Primary Markets- Data Center' should arrive at $71.82 million. The estimate indicates a year-over-year change of +66.4%.
View all Key Company Metrics for M/A-Com here>>>
M/A-Com shares have witnessed a change of +26.6% in the past month, in contrast to the Zacks S&P 500 composite's +11.5% move. With a Zacks Rank #3 (Hold), MTSI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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MACOM Technology Solutions Holdings, Inc. (MTSI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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