Published on 14 Jan 2022 on Zacks via Yahoo Finance
Skyworks Solutions (SWKS) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Skyworks Solutions (SWKS) closed at $155.65, marking a +1.99% move from the previous day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 0.42%.
Coming into today, shares of the chipmaker had gained 4.26% in the past month. In that same time, the Computer and Technology sector lost 5.11%, while the S&P 500 gained 0.22%.
Investors will be hoping for strength from Skyworks Solutions as it approaches its next earnings release. In that report, analysts expect Skyworks Solutions to post earnings of $3.11 per share. This would mark a year-over-year decline of 7.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.5 billion, down 0.51% from the year-ago period.