Semtech Expects Q1'FY25 Net Sales Of $200M, +/- $5.0M (Est $200.57M), Adj EPS Of $0.00, +/- $0.04 (Est $0.02)
Portfolio Pulse from Benzinga Newsdesk
Semtech has provided its Q1'FY25 financial guidance, expecting net sales of $200M, +/- $5.0M, closely aligning with the estimated $200.57M. The company also forecasts an adjusted EPS of $0.00, +/- $0.04, which is slightly below the estimated $0.02.
March 28, 2024 | 8:20 pm
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Semtech's Q1'FY25 financial guidance indicates net sales in line with expectations but a slightly lower adjusted EPS than estimated.
The guidance provided by Semtech for Q1'FY25 shows that while net sales are expected to meet market expectations, the projected adjusted EPS is slightly below the consensus estimate. This mixed financial outlook could lead to a neutral short-term impact on SMTC's stock price, as investors weigh the in-line sales forecast against the slightly disappointing EPS projection.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100