Silicon Labs Q1 Outlook: Adj. EPS $(1.04)-$(0.92) Vs, $(1.03) Estimate, GAAP EPS $(2.05)-$(1.89) Vs. $(2.00) Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Labs provided its Q1 outlook, projecting an adjusted EPS between $(1.04) and $(0.92), compared to the $(1.03) estimate. The GAAP EPS is expected to be between $(2.05) and $(1.89), against a $(2.00) estimate. The company anticipates a gross margin of 52% and operating expenses of $118 million before adjustments, with non-GAAP operating expenses projected at $96 million.
February 07, 2024 | 12:09 pm
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Silicon Labs projects a Q1 adjusted EPS between $(1.04) and $(0.92), surpassing the $(1.03) estimate, with a GAAP EPS between $(2.05) and $(1.89), closely aligning with the $(2.00) estimate. Gross margin is expected to remain stable at 52%, and operating expenses are anticipated to be $118 million before adjustments.
The positive outlook, especially the adjusted EPS surpassing estimates, suggests a potential short-term positive impact on SLAB's stock price. The close alignment of GAAP EPS with estimates and stable gross margin further support this view. However, the projected operating expenses and the range of EPS values introduce some uncertainty, slightly reducing confidence in the impact assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100