Lattice Semiconductor Corporation (NASDAQ:LSCC) is expected to announce first quarter financial results estimated on 04/14/2016. The company added about 24.6 percent in value since last earnings when it was at $4.76. Based on the most relevant historical data, there is a 70.83 percent probability for share price to go up following the next earnings report. Looking further into earnings reaction history, the stock had moved up 17 times out of last 24 quarters. It has topped earnings-per-share estimates 58.% of the time in its last 12 earnings reports. It missed earnings on 4 occasions, and it has met expectations 1 times.

So how did LSCC’s earnings announcements affect its stock price in the past few quarters?

Lattice Semiconductor Corporation (LSCC) Earnings Reaction History

Overall, the average earnings surprise was -208.33 percent over the past four quarters. Back on February 17, 2016, it posted earnings per share at $-0.04 which missed the consensus $0.04 projection (negative surprise of -200%). Revenue came in at 101.29M versus consensus estimate of 110.22M. The stock gained 13.87 percent the day following the earnings was released, and on 7th day price change was 36.76 percent.

On October 29, 2015, it posted earnings per share at $-0.04 versus the consensus estimate of $-0.03 (negative surprise of -33.3%). Revenue of 110.08M was below the $111.51M analysts had expected. The stock gained 2.92% the day following the earnings was released, and on 7th day price change was 4.94%.

On July 30, 2015, it posted earnings per share at $-0.07, missing the consensus estimate of $-0.01 (negative surprise of -600%). Revenue for the quarter was $109.38M while analysts had expected revenues to come in at $119.78M. The stock gained 0.4% the day following the earnings was released, and on 7th day price change was -16.6%.

On May 4, 2015, it posted earnings per share at $0.03 compared with the consensus estimate of $0.03 (negative surprise of 0%). That came on revenues of $90.41M for the quarter. Analysts had expected $83.7M in revenue.

Lattice Semiconductor Corporation Earnings Expectations

In front of Q1 earnings release, Wall Street is expecting earnings per share of $-0.02. The analysts’ current consensus range is $-0.03-$-0.01 for EPS. The market consensus range for revenue is $97.40M-$98.11M, with an average of $97.88M.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last closed at $5.84, sending the company’s market cap around $694.90M. The consensus 12-month price target from brokerage firms covering the stock is $7.65. The share price has declined -17.4% from its best level in 52 weeks and advanced -9.74% this year. It recently traded in a range of $5.66-$6.04 at a volume of 1238800 shares. The stock ended last trading session nearly -4.89 lower for the last 21 trading days, rebounding 79.69% from its 52-week low.

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