Advertisement
Canada markets closed

  • S&P/TSX

    22,308.93
    -66.90 (-0.30%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CAD/USD

    0.7317
    +0.0006 (+0.08%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • Bitcoin CAD

    83,471.80
    -2,373.66 (-2.77%)
     

  • CMC Crypto 200

    1,261.43
    -96.58 (-7.12%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • RUSSELL 2000

    2,059.78
    -13.85 (-0.67%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • NASDAQ

    16,340.87
    -5.40 (-0.03%)
     

  • VOLATILITY

    12.55
    -0.14 (-1.10%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6789
    +0.0011 (+0.16%)
     
MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Microchip Tech (MCHP) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Equity Research
·2 min read

For the quarter ended March 2023, Microchip Technology (MCHP) reported revenue of $2.23 billion, up 21.1% over the same period last year. EPS came in at $1.64, compared to $1.35 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.22 billion, representing a surprise of +0.53%. The company delivered an EPS surprise of +1.23%, with the consensus EPS estimate being $1.62.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Microchip Tech performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net revenue- Microcontrollers: $1.29 billion compared to the $1.26 billion average estimate based on five analysts. The reported number represents a change of +23.5% year over year.

  • Net revenue- Other: $322.90 million compared to the $337.11 million average estimate based on five analysts.

  • Net revenue- Analog: $617.90 million compared to the $622.43 million average estimate based on five analysts. The reported number represents a change of +19.8% year over year.

View all Key Company Metrics for Microchip Tech here>>>

Shares of Microchip Tech have returned +3.3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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

Microchip Technology Incorporated (MCHP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research