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On Tuesday, Mellanox Technologies (NASDAQ:MLNX) will report its last quarter's earnings. Here is Benzinga's take on the company's Q2 release.
Earnings and Revenue
Mellanox Technologies EPS is expected to be around $1.08, according to sell-side analysts. Sales will likely be near $263.25 million.
In the same quarter last year, Mellanox Technologies posted EPS of 44 cents on sales of $211.96 million. The analyst consensus estimate would represent a 145.45 percent increase in the company's earnings. Sales would be have grown 24.20 percent from the same quarter last year. Mellanox Technologies's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 0.82 | 0.68 | 0.64 | 0.44 |
| EPS Actual | 0.98 | 0.82 | 0.71 | 0.44 |
Stock Performance
Over the last 52-week period, shares are up 86.56 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release. Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Mellanox Technologies stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Mellanox Technologies' Q2 conference call is scheduled to begin at 5:00 p.m. ET.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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