What's in Store for STMicroelectronics' (STM) Q2 Earnings?
finance.yahoo.com
STMicroelectronics N.V. STM is slated to report second-quarter 2019 results on Jul 25.
Notably, the company topped the Zacks Consensus Estimate in two of the trailing four quarters, delivering average positive surprise of 1.82%.
In the last reported quarter, STMicroelectronics reported non-GAAP earnings of 20 cents per share, which missed the Zacks Consensus Estimate by a penny.
First-quarter net revenues also decreased 6.7% year over year to $2.1 billion due to weakness in analog, MEMS and sensors group.
For the second quarter, the company expects net revenues to increase approximately 2.4% and gross margin to grow about 38.5% on a sequential basis.
STMicroelectronics N.V. Price and EPS Surprise
STMicroelectronics N.V. price-eps-surprise | STMicroelectronics
Factors to Consider
In the to-be-reported quarter, the company’s well-performing products are likely to have aided its performance across all end-markets served. Moreover, the company’s higher-value products will likely contribute to top-line growth in the quarter.
For the second quarter, STMicroelectronics remains optimistic about strong momentum across industrial, automotive and personal electronics markets, thanks to growing demand for smartphone applications.
The company has been witnessing growing contract wins in areas of braking, body control and engine management. This is expected to help STMicroelectronics to sustain momentum in the automotive market.
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