STMicroelectronics is expected to report Q1 earnings on April 22. 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 STMicroelectronics's revenues will expand 0.7% and EPS will remain in the red.
The average estimate for revenue is $2.03 billion. On the bottom line, the average EPS estimate is -$0.13.
Last quarter, STMicroelectronics logged revenue of $2.16 billion. GAAP reported sales were 1.4% lower than the prior-year quarter's $2.19 billion.
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 $0.18. GAAP EPS were -$0.49 for Q4 versus -$0.01 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 32.3%, 110 basis points worse than the prior-year quarter. Operating margin was -6.4%, 80 basis points worse than the prior-year quarter. Net margin was -19.8%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $8.58 billion. The average EPS estimate is -$0.01.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STMicroelectronics is outperform, with an average price target of $6.88.
Is STMicroelectronics the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add STMicroelectronics to My Watchlist.
This article was originally published as What Does Wall Street See for STMicroelectronics's Q1?on Fool.com
Copyright © 2009 The Motley Fool, LLC. All rights reserved.