Last quarter, the company posted a positive earnings surprise of 23.46%. The Zacks Consensus Estimate for the quarter is pegged at 99 cents. The stock carries a Zacks Rank #2 (Hold) and has an Earnings ESP of +0.00%.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. ( MCHP Quick Quote MCHP - Free Report), which develops and manufactures specialized semiconductor products, will report fourth-quarter fiscal 2017 results. Let’s see what’s in store for these five semiconductor stocks, all of which are expected to release quarterly numbers on May 9. Earnings of these companies are up 16.5% year over year, while revenues grew 6.4%.įurther, according to the Earnings Preview report, total earnings of the overall sector are expected to be up 16% on 6.1% higher revenues for the first quarter. Talking about the technology sector, as per the report, we have Q1 results from 44 of the sector’s 62 operators in the S&P 500 index. The report projects that earnings for the S&P 500 index will improve 12.7% from the year-ago period, while total revenue will be up 6.2%. The trend this earnings season indicates that we will finally see back-to-back quarters of earnings growth after five straight quarters of decline. Earnings of these companies are up 14.2% from the same period last year, while revenues increased 7.3%. Per the report, approximately 73.3% of the companies posted positive earnings surprises, while 67.7% beat top-line expectations. The Q1 earnings season is in its last leg with 412 S&P 500 members or 82.4% of the index’s total membership having already reported their quarterly results, as of May 5, according to the latest Zacks Earnings Preview report.
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