Insights Into Microchip Tech (MCHP) Q2: Wall Street Projections for Key Metrics

In its upcoming report, Microchip Technology (MCHP) is predicted by Wall Street analysts to post quarterly earnings of $0.33 per share, reflecting a decline of 28.3% compared to the same period last year. Revenues are forecasted to be $1.13 billion, representing a year-over-year decrease of 2.7%.The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some Microchip Tech metrics that Wall Street analysts commonly model and monitor.Analysts' assessment points toward 'Net Sales- Mixed-signal Microcontrollers' reaching $560.90 million. The estimate points to a change of -5.7% from the year-ago quarter.According to the collective judgment of analysts, 'Net Sales- Other' should come in at $250.71 million. The estimate points to a change of -9.5% from the year-ago quarter.Analysts predict that the 'Net Sales- Analog' will reach $319.70 million. The estimate suggests a change of +9.5% year over year. View all Key Company Metrics for Microchip Tech here>>> Shares of Microchip Tech have experienced a change of -6.3% in the past month compared to the +2.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MCHP is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks