Wall Street analysts forecast that NXP Semiconductors (NXPI) will report quarterly earnings of $4.14 per share in its upcoming release, pointing to a year-over-year increase of 33.1%. It is anticipated that revenues will amount to $3.77 billion, exhibiting an increase of 18.8% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain NXP metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Automotive' of $2.06 billion. The estimate points to a change of +12% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Communications Infrastructure & Other' should arrive at $490.59 million. The estimate suggests a change of +50% year over year.
Analysts expect 'Revenue- Industrial & IoT' to come in at $804.02 million. The estimate indicates a year-over-year change of +38.9%.
The combined assessment of analysts suggests that 'Revenue- Mobile' will likely reach $405.29 million. The estimate indicates a year-over-year change of -5.8%.
View all Key Company Metrics for NXP here>>>Over the past month, NXP shares have recorded returns of +2.9% versus the Zacks S&P 500 composite's no change. Based on its Zacks Rank #2 (Buy), NXPI will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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NXP Semiconductors N.V. (NXPI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).