Can A Diverse Portfolio Lift Maxim's (MXIM) Earnings In Q3?
Zacks Investment Research | Apr 22, 2018 11:02PM ET
Maxim Integrated Products Inc. (NASDAQ:MXIM) is set to report third-quarter fiscal 2018 results on Apr 26.
The company topped the Zacks Consensus Estimate in the trailing four quarters, with an average beat of 4.99%.
Last quarter, Maxim delivered a positive earnings surprise of 1.56%. Earnings of 65 cents per share increased 42% from the year-ago quarter and 9% sequentially.
Revenues increased 13% year over year and 8.2% sequentially to $623 million, driven by strength in the automotive and industrial end markets.
For third-quarter fiscal 2018, Maxim expects revenues in the range of $620-$660 million based on a quarter-end backlog of $446 million. Adjusted earnings are expected between 66 cents and 72 cents per share.
Shares of Maxim have returned 21.6% over a year, outperforming the Maxim Integrated Products, Inc. Quote
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chance of beating estimates if it also has a positive Zacks Investment Research
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