For its second fiscal quarter (ending March 31), Skyworks Solutions Inc (NASDAQ: SWKS) has reported a -22% decline in E.P.S. from $1.46 a year ago to $1.14 in the current quarter. This result fell short of the consensus estimate of $1.82 by $-0.68. E.P.S. were $5.36 for the latest four quarters through March 31 versus $6.94 for the same period a year ago — a decline of -23%.
Recent Price Action
Skyworks Solutions Inc (NASDAQ: SWKS) stock declined modestly by -1.2% on 4/30/24. The stock closed at $106.59. Moreover, above average trading volume at 147% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 8.6% during the last week.
Current PriceTarget Research Rating
SWKS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Skyworks Solutions has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Skyworks Solutions has a slightly negative Power Rating of 40 and a slightly negative Appreciation Score of 40, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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