Monolithic Power Systems is positioned to potentially extend its earnings-beat streak when it reports next, according to Zacks Investment Research. The chipmaker has topped estimates in each of its last two quarters, with an average surprise of 7.42%. In its most recent report, Monolithic posted earnings of $6.5 per share against the Zacks Consensus Estimate of $5.88, a surprise of 10.54%, following a prior-quarter surprise of 4.29% on earnings of $5.1 per share versus an expected $4.89. The stock currently carries an Earnings ESP of +4.06% and a Zacks Rank #3 (Hold), a combination that Zacks research shows produces a positive surprise nearly 70% of the time.
Monolithic Power Systems IncZacks notes Monolithic Power's positive Earnings ESP and history of beating estimates, signaling a likely earnings beat next report.
