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Skyworks Solutions (SWKS) closed at $189.58 in the latest trading session, marking a -0.85% move from the prior day. This change lagged the S&P 500's 0.35% loss on the day.
Prior to today's trading, shares of the chipmaker had gained 9.99% over the past month. This has outpaced the Computer and Technology sector's gain of 4.23% and the S&P 500's gain of 3.36% in that time.
Wall Street will be looking for positivity from SWKS as it approaches its next earnings report date. The company is expected to report EPS of $2.13, up 70.4% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.1 billion, up 49.42% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.31 per share and revenue of $5 billion. These totals would mark changes of +68.19% and +48.99%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SWKS. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.11% higher within the past month. SWKS is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, SWKS is holding a Forward P/E ratio of 18.55. Its industry sports an average Forward P/E of 18.55, so we one might conclude that SWKS is trading at a no noticeable deviation comparatively.
It is also worth noting that SWKS currently has a PEG ratio of 1.01. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Semiconductors - Radio Frequency stocks are, on average, holding a PEG ratio of 1.31 based on yesterday's closing prices.
The Semiconductors - Radio Frequency industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 126, which puts it in the top 50% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report
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