Skyworks Solutions SWKS announces its next round of earnings this Thursday, May 2. Here is Benzinga's everything-that-matters guide for this Thursday's second-quarter earnings announcement.
Earnings and Revenue
Analysts predict Skyworks Solutions will report earnings of $1.43 per share on revenue of $810.03 million.
In the same quarter last year, Skyworks Solutions posted EPS of $1.64 on sales of $913.4 million. The Wall Street estimate would represent a 12.80 percent decline in the company's earnings. Sales would have fallen 11.32 percent from the same quarter last year. Skyworks Solutions's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 1.85 | 1.92 | 1.6 | 1.6 |
| EPS Actual | 1.83 | 1.94 | 1.64 | 1.64 |
Stock Performance
Shares of Skyworks Solutions were trading at $88.48 as of May 2. Over the last 52-week period, shares are down 2.66 percent. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Skyworks Solutions stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Skyworks Solutions is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://edge.media-server.com/m6/p/4d4nnndo
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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