Skyworks Solutions, Inc. (NASDAQ:SWKS) manufacturer of proprietary semiconductor products, is reporting fourth quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.52 per share.
For the full year, analysts predict revenues of $ 3245.72 million, while looking forward to income of $ 5.81 per share.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 1.51 ~ $ 1.51 per share, while revenues are expected in a range of $ 830.00 million ~ $ 850.00 million
Click Here For More Historical Outlooks Of Skyworks Solutions, Inc.
Previous Quarter Performance
Skyworks Solutions, Inc. reported income for the third quarter of $ 1.25 per share, from the revenue of $ 736.80 million. The quarterly earnings down 7.41 percent compared with the same quarter last year. Wall street analysts are predicting, SWKS to report 3Q20 income of $ 1.12 per share from revenue of $ 690.67 million. The bottom line results beat street analysts by $ 0.13 or 11.61 percent, at the same time, top line results outshined analysts by $ 46.13 million or 6.68 percent.
Stock Performance
On Friday, shares of Skyworks Solutions, Inc. has traded high as $ 143.91 and has cracked $ 139.64 on the downward trend, reaching $ 141.29 with volume of 1.75 million shares.
According to the previous trading day, closing price of $ 141.29, representing a 113.78 % increase from the 52 week low of $ 67.90 and a 8.48 % decrease over the 52 week high of $ 158.61.
The company has a market capital of $ 23.60 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Overweight rating, with $ 160.00 target price.
- On 11th September 2020, initiated by Rosenblatt Securities at Buy rating, with $ 160.00 target price.
Conference Call
Skyworks Solutions, Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd November 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.skyworksinc.com
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators. The company provides its products for use in the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet, and wearable markets.
