No notable earnings reports are due out Friday afternoon. Before U.S. markets open on Monday, coal miner Alliance Resources and chipmaker ON Semiconductor will report quarterly results.
Here is a preview of what analysts are expecting to hear Monday afternoon and Tuesday morning from these three companies.
NXP Semiconductors
Since posting an all-time high share price in early December, Netherlands-based NXP Semiconductors N.V. (NASDAQ: NXPI) has seen more than 38% of that high price melt away. The stock is down nearly 25% over the past 12 months and posted a 52-week low earlier this month. The market for analog chips may not yet have reached a bottom, and at least one analyst figures demand will continue falling into next year. NXP reports quarterly results after markets close on Monday.
Of 27 analysts covering the stock, 14 have Buy or Strong Buy ratings and 12 more rate the shares at Hold. At a recent price of around $145.10 a share, the upside potential based on a median price target of $188.00 is almost 30%. At the high price target of $260.00, the upside potential is 79.2%.
Third-quarter revenue is expected to come in at $3.42 billion, which would be up 3.4% sequentially and by 20.0% year over year. Adjusted EPS are forecast at $3.66, up 3.9% sequentially and 28.9% higher year over year. For the full 2022 fiscal year, analysts are looking for EPS of $114.13, up 31.4%, on sales of $13.3 billion, up 20.2%.
NXP stock trades at about 10.3times expected 2022 EPS, 10.5 times estimated 2023 earnings of $13.81 and 9.5 times estimated 2024 earnings of $15.30 per share. The stock’s 52-week range is $132.08 to $239.91. NXP pays an annual dividend of $3.38 (yield of 2.29%). Total shareholder return for the past 12 months was negative 23.2%.
Sofi Technologies
Decentralized financial services firm SoFi Technologies Inc. (NASDAQ: SOFI) has posted a share price drop of more than 72% over the past 12 months and is down nearly 78% from its all-time high in June of last year. The company reports results first thing Tuesday morning.
On the plus side, Sofi owns a bank charter, allowing it to offer checking and savings accounts and make loans. The company also has a presence in providing support for payment cards and clearing house transactions. Because its primary business is lending, higher interest rates should help, provided consumers remain willing to spend.
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