Lattice Semiconductor Nears Later-Stage Entry With Earnings Due
If you’re looking for stocks that are setting up in a base ahead of their next quarterly report, here’s one that fits the bill: Lattice Semiconductor (LSCC). It’s expected to report on Aug. 3 and is currently approximately 1% shy of a 57.70 entry. The entry is based on a third-stage flat base, which involves more risk than a first- or second-stage formation.
Understand that buying close to when a stock reports can be risky. You don’t know how the stock will report and how the market will react, and you don’t have enough time to build a profit cushion. You can reduce your exposure by waiting to see how the company reports and how the market reacts.
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Lattice Semiconductor earnings grew 47% last quarter, up from 12% in the prior report. Revenue also increased, from 7% to 19%.
Analysts expect EPS growth of 29% for the quarter, and 26% growth for the full year. Annual growth estimates were recently revised upward.
Lattice Semiconductor has a 96 Composite Rating and earns the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Advanced Micro Devices (AMD) is the top-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.
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