Will Skyworks Beat?

Skyworks Solutions Inc SWKS is scheduled to report its second quarter financial results after the market closes on Thursday.

According to Estimize, both the Street and the crowd expect to see results come in slightly above the company’s guidance, and considerably above the figures posted in the second quarter of 2014.

While Skyworks guided EPS of $1.12 on revenue of $750 million, experts expect consensus EPS of $1.13 on revenue of $750.82 million, and the crowd, EPS of $1.17 on revenue of $759.72 million.

These projections stand well atop the EPS of $0.62 reported in the second quarter of last year, and just slightly below last quarter’s $1.26.

As shown in the graph above, Skyworks has either beat or met estimates and guidance over the past eight quarters. So, there are few reasons to believe this quarter might be the exception.

The second graph, featured above, shows how estimates have changed over time. Since the beginning of the quarter, both experts and the crowd have become increasingly bullish on results.

The Street Talks

In a recent report, Brean Capital commented on several tech companies ahead of earnings.

The firm issued a Buy rating and a $110 price target for Skyworks saying they expect the company to report “an in-line quarter [with revenue of $754 million and EPS of $1.13] as better-than-expected Apple performance offsets weakness in China and currency-related demand destruction in Emerging Markets. While most of the focus has been on Mobile, we also expect modest growth in the Company’s Broad Markets (Wi-Fi) segment.”

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