Earnings Preview For Silicon Laboratories
Portfolio Pulse from Benzinga Insights
Silicon Laboratories (NASDAQ:SLAB) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $-1.43. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with share prices fluctuating based on performance and guidance. Currently, SLAB shares are trading at $120.12, marking a 34.95% decline over the last 52 weeks, indicating investor concern ahead of the earnings announcement.
February 06, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Silicon Laboratories is anticipated to report a quarterly EPS of $-1.43 on February 7, 2024. Investors are focused on the potential for an earnings beat and positive future guidance amidst a 34.95% YTD share price decline.
The anticipation of Silicon Laboratories' earnings report and its potential to beat the EPS estimate of $-1.43 could influence the stock's short-term performance. Given the historical context where past earnings results and guidance have led to varied stock price movements, the upcoming earnings announcement holds significant weight. However, the current 34.95% YTD decline in share price reflects investor concern, making it challenging to predict the stock's direction post-earnings without knowing the actual results and future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100