Lattice Semiconductor Earnings: What To Look For From LSCC

Semiconductor designer Lattice (OTC:) Semiconductor (NASDAQ:LSCC) will be announcing earnings results tomorrow after market hours. Here’s what to look for.

Last quarter Lattice Semiconductor reported revenues of $192.2 million, up 11.4% year on year, in line with analyst expectations. It was a mixed quarter for the company, with a significant improvement in its inventory levels but underwhelming revenue guidance for the next quarter.

Is Lattice Semiconductor buy or sell heading into the earnings? Find out by reading the original article on StockStory.

This quarter analysts are expecting Lattice Semiconductor’s revenue to grow 0.3% year on year to $176.5 million, slowing down from the 24.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.45 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St’s expectations, beating revenue estimates every single time over the past two years on average by 2.5%.

Looking at Lattice Semiconductor’s peers in the processors and graphics chips segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Intel (NASDAQ:) delivered top-line growth of 9.7% year on year, beating analyst estimates by 1.5% and AMD (NASDAQ:) reported revenues up 10.2% year on year, exceeding estimates by 0.5%. Intel traded down 4.7% on the results, and AMD was down 1.4%.

Read the full analysis of Intel’s and AMD’s results on StockStory.

There has been positive sentiment among investors in the processors and graphics chips segment, with the stocks up on average 7.4% over the last month. Lattice Semiconductor is up 5.4% during the same time, and is heading into the earnings with analyst price target of $76.2, compared to share price of $69.8.