Core Insights - Lattice Semiconductor reported quarterly earnings of 0.29 per share a year ago [1] - The company generated revenues of 140.82 million year-over-year [2] - Lattice shares have declined approximately 8.4% year-to-date, compared to a 3.3% decline in the S&P 500 [3] Earnings Performance - The company has not surpassed consensus EPS estimates in the last four quarters, with a previous quarter's earnings surprise of -21.05% [1][3] - Current consensus EPS estimate for the upcoming quarter is 122.66 million, and for the current fiscal year, the estimate is 520.5 million [7] Industry Context - The Electronics - Semiconductors industry ranks in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research suggests a strong correlation between near-term stock movements and earnings estimate revisions, which can impact Lattice's stock performance [5][6] Future Outlook - The company's earnings outlook will be influenced by management's commentary during the earnings call and any revisions to earnings estimates following the recent report [3][4] - Lattice currently holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6]
Lattice Semiconductor (LSCC) Q1 Earnings Meet Estimates