A Look at Semtech's Upcoming Earnings Report

Semtech SMTC is set to give its latest quarterly earnings report on Monday, 2024-11-25. Here's what investors need to know before the announcement.

Analysts estimate that Semtech will report an earnings per share (EPS) of $0.23.

Semtech bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

The company's EPS beat by $0.02 in the last quarter, leading to a 11.19% increase in the share price on the following day.

Here's a look at Semtech's past performance and the resulting price change:

Semtech Share Price Analysis

Shares of Semtech were trading at $50.9 as of November 21. Over the last 52-week period, shares are up 210.74%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Semtech visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.