Silicon Laboratories (SLAB) Set to Announce Quarterly Earnings on Wednesday

Silicon Laboratories (NASDAQ:SLAB) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.98) per share for the quarter. Silicon Laboratories has set its Q1 2024 guidance at -1.040–0.920 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.45. The business had revenue of $86.85 million for the quarter, compared to analysts’ expectations of $85.32 million. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. On average, analysts expect Silicon Laboratories to post $-2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Silicon Laboratories Price Performance

NASDAQ:SLAB opened at $119.12 on Tuesday. The firm has a 50-day moving average of $135.14 and a two-hundred day moving average of $122.10. Silicon Laboratories has a 1-year low of $74.56 and a 1-year high of $168.22.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SLAB shares. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. JPMorgan Chase & Co. upped their price target on Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Stifel Nicolaus boosted their target price on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. TD Cowen boosted their price objective on shares of Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Barclays increased their price objective on shares of Silicon Laboratories from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $143.29.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.