Earnings Season Watch List: Lattice Semiconductor Rumbled Higher Despite Chip Downturn
Be aware that it's risky to buy any stock just before it reports. You can minimize your risk by waiting to see how the company reports and how the market reacts. Another way to minimize the risk of a post-earnings sell-off is to use an options strategy.
Top and bottom line growth moved higher in third quarter. Earnings were up 55%, compared to 50% in the prior report. Revenue for the maker of programmable chips for communications, consumer and industrial equipment increased from 0% to 2%.
Consensus analyst estimates call for earnings growth of 87% for Q4, and 76% growth for the full year. Annual earnings-per-share estimates were recently revised upward.
Lattice Semiconductor has a 95 Composite Rating and earns the No. 4 rank among its peers in the Electronics-Semiconductor Fabless industry group. Mellanox Technologies (MLNX) is the top-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
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