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Skyworks Solutions (SWKS) Q4 Earnings and Revenues Top Estimates
SWKSSkyworks(SWKS) ZACKS·2024-11-12 23:15

Core Viewpoint - Skyworks Solutions reported quarterly earnings of 1.55pershare,exceedingtheZacksConsensusEstimateof1.55 per share, exceeding the Zacks Consensus Estimate of 1.52 per share, but down from 2.20pershareayearago,indicatingadeclineinprofitability[1][2]FinancialPerformance−Thecompanyachievedrevenuesof2.20 per share a year ago, indicating a decline in profitability [1][2] Financial Performance - The company achieved revenues of 1.02 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.31%, but down from 1.22billionyear−over−year[2]−Overthelastfourquarters,SkyworkshassurpassedconsensusEPSestimatesthreetimesandtoppedconsensusrevenueestimatestwotimes[2]StockPerformance−Skyworksshareshavedeclinedapproximately21.71.22 billion year-over-year [2] - Over the last four quarters, Skyworks has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Skyworks shares have declined approximately 21.7% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current Zacks Rank for Skyworks is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is 1.68 on revenues of 1.08billion,andforthecurrentfiscalyear,itis1.08 billion, and for the current fiscal year, it is 6.38 on revenues of $4.23 billion [7] - The trend of estimate revisions for Skyworks is mixed, which could change following the recent earnings report [6] Industry Context - The Semiconductors - Radio Frequency industry, to which Skyworks belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment [8]