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.
On Tuesday, Inphi (NYSE:IPHI) will report its last quarter's earnings. Here is Benzinga's take on the company's release.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Wall Street expects EPS of 13 cents and sales around $69.27 million.
In the same quarter last year, Inphi reported a loss per share of 35 cents on revenue of $84.42 million. The analyst consensus estimate would represent a 62.86 percent decline in the company's EPS figure. Sales would have fallen 17.95 percent from the same quarter last year. The company'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 | -0.05 | 0.36 | 0.36 | 0.34 |
| EPS Actual | -0.05 | 0.37 | 0.36 | 0.35 |
Stock Performance
Over the last 52-week period, shares of Inphi have declined 11.93 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The popular rating by analysts on Inphi stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Inphi's Q2 conference call is scheduled to begin at 5:30 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/zwq36x2s
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.