What Analyst Projections for Key Metrics Reveal About Microchip Tech (MCHP) Q1 Earnings

Core Viewpoint - Wall Street analysts predict that Microchip Technology (MCHP) will report a significant decline in quarterly earnings and revenues compared to the previous year, indicating potential challenges for the company in the upcoming earnings release [1]. Earnings Estimates - Analysts forecast quarterly earnings of $0.24 per share, reflecting a year-over-year decline of 54.7% [1]. - Revenue is anticipated to be $1.05 billion, which represents a decrease of 15.1% compared to the same quarter last year [1]. - There has been an upward revision of 1.4% in the consensus EPS estimate over the past 30 days, indicating a reappraisal of projections by analysts [2]. Key Metrics Projections - Analysts estimate 'Net Sales- Mixed-signal Microcontrollers' at $525.59 million, suggesting an 18.5% decline year over year [5]. - The 'Net Sales- Other' category is projected to be $243.63 million, indicating an 8.4% decrease from the prior-year quarter [5]. - 'Net Sales- Analog' is expected to reach $281.86 million, reflecting a year-over-year change of 14.7% [5]. Stock Performance - Over the past month, Microchip Tech shares have recorded a return of -9.2%, contrasting with the Zacks S&P 500 composite's +0.6% change [6]. - Despite the recent performance, MCHP holds a Zacks Rank 2 (Buy), suggesting it may outperform the overall market in the near future [6].