|Bid||114.20 x 1300|
|Ask||120.06 x 800|
|Day's range||115.48 - 118.24|
|52-week range||109.44 - 194.68|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||55.19|
|Earnings date||24 Oct 2023 - 30 Oct 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||160.43|
Shares of Silicon Laboratories (NASDAQ: SLAB) were down 9.5% as of 10:02 a.m. ET on Wednesday after the company reported second-quarter earnings. The stock is up 44% over the last five years but is underperforming the Nasdaq's rally this year, up only 5.6% compared to 35% for the index. The company beat revenue and earnings expectations in the second quarter, but management guided below the consensus estimates for the third quarter, which sent the stock tumbling.
Silicon Labs (SLAB) delivered earnings and revenue surprises of 0.97% and 0.64%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Silicon Labs (SLAB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.