It's Showtime for Cypress Semiconductor
Jul 15th 2013 1:05PM
Updated Jul 15th 2013 1:06PM
Cypress Semiconductor (NAS: CY) is expected to report Q2 earnings on July 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cypress Semiconductor's revenues will wane -9.1% and EPS will wither -61.1%.
The average estimate for revenue is $182.9 million. On the bottom line, the average EPS estimate is $0.07.
Last quarter, Cypress Semiconductor reported revenue of $172.7 million. GAAP reported sales were 6.7% lower than the prior-year quarter's $185.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.03. GAAP EPS were -$0.19 for Q1 compared to -$0.13 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 48.3%, 130 basis points worse than the prior-year quarter. Operating margin was -6.4%, 300 basis points better than the prior-year quarter. Net margin was -16.3%, 580 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $765.0 million. The average EPS estimate is $0.42.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 979 members out of 1,022 rating the stock outperform, and 43 members rating it underperform. Among 200 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 190 give Cypress Semiconductor a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cypress Semiconductor is outperform, with an average price target of $11.53.
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The article It's Showtime for Cypress Semiconductor originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Cypress Semiconductor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.