Gear Up for Microchip Tech (MCHP) Q4 Earnings: Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts project that Microchip Technology (MCHP) will report quarterly earnings of $0.10 per share, reflecting an 82.5% decline year over year, with revenues expected to reach $961.07 million, down 27.5% from the same quarter last year [1]. Group 1: Earnings Estimates - The consensus EPS estimate for the quarter has been revised downward by 2.3% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting potential investor reactions, as empirical studies show a strong relationship between earnings estimate revisions and short-term stock price performance [3]. Group 2: Key Metrics Projections - Analysts estimate 'Net Sales- Mixed-signal Microcontrollers' will reach $500.65 million, indicating a year-over-year decline of 28% [5]. - 'Net Sales- Other' is expected to be $210.26 million, reflecting a 30.2% decrease from the year-ago quarter [5]. - The average prediction for 'Net Sales- Analog' is $250.64 million, showing a 23.9% decline from the previous year [5]. Group 3: Stock Performance - Microchip Tech shares have returned +32.3% over the past month, significantly outperforming the Zacks S&P 500 composite, which saw a +0.4% change [6]. - With a Zacks Rank 3 (Hold), MCHP is anticipated to mirror overall market performance in the near future [6].