This story originally appeared on Zacks
MaxLinear (MXL) closed at $72.25 in the latest trading session, marking a +0.11% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.75%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.23%.
Wall Street will be looking for positivity from MaxLinear as it approaches its next earnings report date. The company is expected to report EPS of $0.84, up 115.38% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $245.08 million, up 25.86% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.68 per share and revenue of $889.6 million, which would represent changes of +204.55% and +85.88%, respectively, from the prior year.
Any recent changes to analyst estimates for MaxLinear should…