Earnings Preview for Semtech

On Wednesday, August 26, Semtech (NASDAQ: SMTC) will release its latest earnings report. Benzinga's outlook for Semtech is included in the following report.

Earnings and Revenue

Based on Semtech management projections, analysts predict EPS of $0.41 on revenue of $141.76 million. In the same quarter last year, Semtech reported EPS of $0.38 on revenue of $137.15 million. The Wall Street estimate would represent a 7.89% increase in the company's earnings per share.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are up 45.87%.

With these returns, shareholders are likely feeling neutral going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Semtech is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://webcasts.eqs.com/register/Semtechcorp20200826/en