Wall Street brokerages forecast that InterDigital, Inc. (NASDAQ:IDCC) will report $101.39 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for InterDigital’s earnings. The highest sales estimate is $101.60 million and the lowest is $101.18 million. InterDigital reported sales of $90.79 million in the same quarter last year, which indicates a positive year over year growth rate of 11.7%. The business is scheduled to report its next quarterly earnings report on Thursday, February 17th.
On average, analysts expect that InterDigital will report full-year sales of $414.99 million for the current year, with estimates ranging from $414.78 million to $415.20 million. For the next financial year, analysts anticipate that the firm will report sales of $410.64 million, with estimates ranging from $410.48 million to $410.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover InterDigital.
InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, November 4th. The Wireless communications provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.45. The business had revenue of $143.50 million during the quarter, compared to the consensus estimate of $120.27 million. InterDigital had a return on equity of 5.71% and a net margin of 7.93%. The firm’s revenue for the quarter was up 64.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS.
A number of research analysts have recently commented on the company. Colliers Securities reiterated a “buy” rating and set a $87.00 target price on shares of InterDigital in a research report on Wednesday, September 29th. Zacks Investment Research upgraded InterDigital from a “sell” rating to a “hold” rating and set a $76.00 target price for the company in a research report…
