Lattice Semiconductor: Strong Fundamentals, A High Short Interest Ratio, And A Buy Signal


Earnings on the Horizon

Lattice is set to report fourth quarter earnings results on February 16. The current consensus estimate is for EPS of $0.17 and that matches the results the company saw in the fourth quarter of 2019. The company has beaten EPS estimates in each of the last seven quarters, so there is a history of the company issuing better than expected results.

Revenue is expected to come in at $103.02 million and that is up 2.8% from the same period last year. Revenue is predicted to grow by 8.1% in 2021 and earnings are expected to grow by 13.4%.

This is where the high short interest ratio can come in to play. Should the company beat expectations again, and should it beat on the revenue estimates as well, we could see the stock rally and the high short interest ratio could cause the rally to accelerate. A boost to the outlook could also cause the stock to reverse from its recent pullback.

The combination of solid fundamentals, a high short interest ratio, and a bullish signal suggests that Lattice should move higher in the coming months.

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