To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. It is also important to note the recent changes to analyst estimates for Skyworks Solutions. Meanwhile, our latest consensus estimate is calling for revenue of $1.15 billion, down 13.96% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $9.29 per share and revenue of $4.97 billion, which would represent changes of -17.35% and -9.43%, respectively, from the prior year. On that day, Skyworks Solutions is projected to report earnings of $2.01 per share, which would represent a year-over-year decline of 23.57%. Investors will be hoping for strength from Skyworks Solutions as it approaches its next earnings release. In that same time, the Computer and Technology sector lost 2.73%, while the S&P 500 lost 5.06%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq gained 2.77%.Ĭoming into today, shares of the chipmaker had lost 7.01% in the past month. This change lagged the S&P 500's 0.7% loss on the day. In the latest trading session, Skyworks Solutions (SWKS) closed at $111.70, marking a -1.35% move from the previous day.
0 Comments
Leave a Reply. |