NXP Semiconductors (NXPI) Reports Q4: Everything You Need To Know Ahead Of Earnings
Chip manufacturer NXP Semiconductors (NASDAQ: NXPI) will be reporting earnings today. Here's what you need to know.
Last quarter NXP Semiconductors reported revenues of $3.43 billion, down 0.3% year on year, in line with analyst expectations. It was a mixed quarter for the company, with a decent beat of analysts' EPS estimates but underwhelming revenue guidance for the next quarter.
Is NXP Semiconductors buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting NXP Semiconductors's revenue to grow 2.6% year on year to $3.40 billion, slowing down from the 9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.64 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 1.6%.
Looking at NXP Semiconductors's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. MACOM's revenues decreased 12.7% year on year, beating analyst estimates by 2.9% and Skyworks Solutions reported revenue decline of 9.6% year on year, missing analyst estimates by 0.2%. MACOM traded up 4.3% on the results, Skyworks Solutions was up5.5%.
Read our full analysis of MACOM's results here and Skyworks Solutions's results here.
There has been positive sentiment among investors in the analog semiconductors segment, with the stocks up on average 2% over the last month. NXP Semiconductors is up 1.1% during the same time, and is heading into the earnings with analyst price target of $234.1, compared to share price of $214.5.
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The author has no position in any of the stocks mentioned.
