The company is likely to report net income of $94.6 million on sales of $389.56 million, compared to net income of $84.69 million on sales of $335.12 million recorded during the first quarter of fiscal 2011, as per the consensus estimates of analysts polled by Bloomberg. For the quarter, Skyworks is likely to report earnings of 50 cents per share, compared to earnings of 45 cents in the year-ago quarter.
Cash flow per share is seen increasing to 51 cents from 36 cents in the first quarter of fiscal 2011. EBITDA and operating profit are seen up 17% and 24%, respectively.Of the 20 analysts covering the stock, 70% recommend a buy, while the remaining suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg foresee the stock gaining an average 56.7% to $28.17 in the upcoming 12 months.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts