Earnings Preview For Semtech
Portfolio Pulse from Benzinga Insights
Semtech (NASDAQ:SMTC) is set to release its latest quarterly earnings report on September 13, 2023. Analysts estimate an earnings per share (EPS) of $0.02. The company's past performance shows a pattern of beating EPS estimates, which has sometimes resulted in an increase in share price. However, the stock has been on a downward trend, with shares down 29.06% over the last 52-week period.
September 12, 2023 | 2:01 pm
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NEUTRAL IMPACT
Semtech's upcoming earnings report could potentially impact its stock price. Despite past EPS beats, the stock has been on a downward trend, which may influence investor sentiment.
Semtech's stock price could be influenced by its upcoming earnings report. While the company has a history of beating EPS estimates, its stock has been on a downward trend, which could make investors cautious. The guidance provided by the company will also be crucial in determining the short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100