Optimism surrounds ARM Holdings, as it gets ready to report its third quarter results on Tuesday, October 21, 2014. Analysts are expecting the company to book a profit of 24 cents a share, up from 18 cents a year ago.
The consensus estimate is down from three months ago when it was 25 cents, but is unchanged over the past month. Analysts are projecting earnings of 99 cents per share for the fiscal year. Revenue is projected to be 11% above the year-earlier total of $297.5 million at $329.4 million for the quarter. For the year, revenue is expected to come in at $1.30 billion.
The company's reported revenue has increased in the last three quarters. In the second quarter, revenue rose 7% to $318.7 million while the figure rose 20% in the first quarter from the year earlier and 25% in the fourth quarter.
The majority of analysts (64%) rate ARM Holdings as a buy. This compares favorably to the analyst ratings of eight similar companies, which average 39% buys.
ARM Holdings designs microprocessors, physical IP and related technology, and software and sells development tools to enhance the performance, cost-effectiveness, and energy-efficiency of high-volume embedded applications. Other companies in the semiconductors industry with upcoming earnings release dates include: Texas Instruments, STMicroelectronics N.V and Atmel.
Earnings estimates provided by Zacks.
Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
