In the latest trading session, Lattice Semiconductor (LSCC) closed at $14.86, marking a -0.87% move from the previous day. This move was narrower than the S&P 500's daily loss of 4.34%. Elsewhere, the Dow lost 4.55%, while the tech-heavy Nasdaq lost 3.79%.
Prior to today's trading, shares of the chipmaker had lost 21.89% over the past month. This has was narrower than the Computer and Technology sector's loss of 27.47% and the S&P 500's loss of 28.78% in that time.
LSCC will be looking to display strength as it nears its next earnings release. In that report, analysts expect LSCC to post earnings of $0.15 per share. This would mark year-over-year growth of 36.36%. Meanwhile, our latest consensus estimate is calling for revenue of $98.87 million, up 0.79% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.70 per share and revenue of $422.83 million, which would represent changes of +18.64% and +4.64%, respectively, from the prior year.
Any recent changes to analyst estimates for LSCC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. LSCC is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that LSCC has a Forward P/E ratio of 21.54 right now. This represents a premium compared to its industry's average Forward P/E of 12.77.
Also, we should mention that LSCC has a PEG ratio of 2.15. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Semiconductors was holding an average PEG ratio of 1.5 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lattice Semiconductor Corporation (LSCC) : Free Stock Analysis Report
To read this article on Zacks.com click here.