From Nasdaq: 2024-04-26 11:22:00

Skyworks Solutions (SWKS) set to report second-quarter fiscal 2024 results on Apr 30, with revenue expectations of $1.02 billion to $1.07 billion and earnings around $1.52 per share. Analysts predict a 9.28% decline in revenue to $1.05 billion, with earnings also down 24.75% year-over-year at $1.52 per share.

Skyworks has consistently beaten earnings estimates, with an average surprise of 2.47% in the last four quarters. Improved smartphone demand is expected to boost Q2 performance, especially with 5G design wins and expanding partnerships. The company is also benefiting from IoT expansion, but faces challenges in traditional markets.

With an Earnings ESP of +0.73% and a Zacks Rank #3, Skyworks is well-positioned for an earnings beat. Other companies worth considering include Arista Networks (ANET) with an Earnings ESP of +2.49% and Docebo (DCBO) with an Earnings ESP of +8%. Amazon.com (AMZN) also has an ESP of +6.19%.



Read more at Nasdaq: Skyworks (SWKS) to Report Q2 Earnings: What’s in the Cards?