Skyworks Beats Q4 EPS Estimates, Projects AI-Driven Smartphone Surge Despite Modest Q1 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
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Source: Benzinga
Earnings Report: Skyworks Solutions Inc reported adjusted EPS of $1.55 and quarterly sales of $1.025 million, both meeting or exceeding analyst expectations, but shares fell 6.65% premarket to $81.25.
Future Outlook: The company anticipates first-quarter 2025 revenue between $1.05 billion and $1.08 billion, with expected growth in mobile business despite existing inventory challenges.
Analyst Views on SNSR
Wall Street analysts forecast SNSR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNSR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 38.150
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Current: 38.150
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
