Monolithic (MPWR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Monolithic Power (MPWR) reported $474.87 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 4.2%. EPS of $3.08 for the same period compares to $3.53 a year ago.
The reported revenue represents a surprise of +0.16% over the Zacks Consensus Estimate of $474.12 million. With the consensus EPS estimate being $3.07, the EPS surprise was +0.33%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Monolithic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Storage and Computing: $129.46 million versus the three-analyst average estimate of $140.32 million. The reported number represents a year-over-year change of +14.7%.
Revenue- Communication: $46.79 million versus $47.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -35.3% change.
Revenue- Automotive: $95.17 million versus the three-analyst average estimate of $103.70 million. The reported number represents a year-over-year change of +9.3%.
Revenue- Enterprise Data: $98.94 million versus the three-analyst average estimate of $62.95 million.
Revenue- Industrial: $42.14 million versus $50.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -28.2% change.
Revenue- Consumer: $62.37 million versus $69.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -30.1% change.
View all Key Company Metrics for Monolithic here>>>
Shares of Monolithic have returned -12.1% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Monolithic Power Systems, Inc. (MPWR) : Free Stock Analysis Report
