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Compared to Estimates, Monolithic (MPWR) Q4 Earnings: A Look at Key Metrics
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For the quarter ended December 2023, Monolithic Power (MPWR - Free Report) reported revenue of $454.01 million, down 1.3% over the same period last year. EPS came in at $2.88, compared to $3.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $452.13 million, representing a surprise of +0.42%. The company delivered an EPS surprise of +1.05%, with the consensus EPS estimate being $2.85.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Monolithic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Storage and Computing: $117.31 million versus $113.61 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
Revenue- Communication: $40.93 million versus $41.71 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -36.3% change.
Revenue- Automotive: $89.76 million compared to the $95.72 million average estimate based on four analysts. The reported number represents a change of -7.8% year over year.
Revenue- Enterprise Data: $128.90 million versus $109.76 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +88.4% change.
Revenue- Industrial: $33.38 million versus the four-analyst average estimate of $36.96 million. The reported number represents a year-over-year change of -40.5%.
Revenue- Consumer: $43.74 million versus $54.23 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -17.5% change.
Shares of Monolithic have returned +6.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Monolithic (MPWR) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2023, Monolithic Power (MPWR - Free Report) reported revenue of $454.01 million, down 1.3% over the same period last year. EPS came in at $2.88, compared to $3.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $452.13 million, representing a surprise of +0.42%. The company delivered an EPS surprise of +1.05%, with the consensus EPS estimate being $2.85.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Monolithic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Storage and Computing: $117.31 million versus $113.61 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
- Revenue- Communication: $40.93 million versus $41.71 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -36.3% change.
- Revenue- Automotive: $89.76 million compared to the $95.72 million average estimate based on four analysts. The reported number represents a change of -7.8% year over year.
- Revenue- Enterprise Data: $128.90 million versus $109.76 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +88.4% change.
- Revenue- Industrial: $33.38 million versus the four-analyst average estimate of $36.96 million. The reported number represents a year-over-year change of -40.5%.
- Revenue- Consumer: $43.74 million versus $54.23 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -17.5% change.
View all Key Company Metrics for Monolithic here>>>Shares of Monolithic have returned +6.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.