ANADIGICS, Inc. Third Quarter Earnings Sneak Peek

ANADIGICS, Inc. (NASDAQ:ANAD) will unveil its latest earnings on Monday, October 29, 2012. Anadigics is a provider of semiconductor solutions in the growing broadband wireless and wireline communications markets.

ANADIGICS, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 27 cents per share, a wider loss from the year-earlier quarter net loss of 15 cents. During the past three months, the average estimate has moved down from a loss of 20 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 27 cents during the last month.

Past Earnings Performance: The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported a loss of 28 cents per share against an estimate of net loss of 23 cents per share. The quarter before that, it missed forecasts by 3 cents.

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A Look Back: In the second quarter, the company’s loss widened to a loss of a $20.9 million (30 cents a share) from a loss of $13.1 million (19 cents) a year earlier, missing analyst expectations. Revenue fell 29.5% to $25.1 million from $35.6 million.

Wall St. Revenue Expectations: Analysts predict a decline of 32.3% in revenue from the year-earlier quarter to $25.2 million.

Stock Price Performance: Between July 30, 2012 and October 23, 2012, the stock price fell 31 cents (-19.7%), from $1.57 to $1.26. It saw one of its worst periods between October 1, 2012 and October 11, 2012 when shares fell for nine straight days, dropping 10.6% (-15 cents) over that span. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 14, 2012, when shares rose for seven straight days, increasing 21% (+47 cents) over that span.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 39.2% in the third quarter of the last fiscal year, 39.4% in fourth quarter of the last fiscal year and 34.6% in the first quarter and then fell again in the second quarter.

Analyst Ratings: There are mostly holds on the stock with five of five analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 4.51 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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