ANADIGICS, Inc. Second Quarter Earnings Preview

ANADIGICS, Inc. (NASDAQ:ANAD) will unveil its latest earnings on Tuesday, July 26, 2011. The company 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 20 cents per share, a wider loss from the year earlier quarter net loss of 2 cents. During the past three months, the average estimate has moved down from a loss of 4 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at a loss of 20 cents during the last month.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported a loss of 12 cents per share versus a mean estimate of net loss of 11 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $35.6 million in revenue this quarter, a decline of 31% from the year ago quarter. Analysts are forecasting total revenue of $156.2 million for the year, a decline of 27.9% from last year’s revenue of $216.7 million.

Analyst Ratings: Analysts seem relatively indifferent about ANADIGICS with six of nine analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 0.2% in the first quarter and rose 44.1%in the fourth quarter of the last fiscal year, 66.9% in the third quarter of the last fiscal year and 64.2% in the second quarter of the last fiscal year.

ANADIGICS’ loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $10.7 million in the first quarter, a profit of $3.4 million in the fourth quarter of the last fiscal year, a profit of $2.3 million in the third of the last fiscal year and a profit of $791,000 in the second quarter of the last fiscal year.

Competitors to Watch: TriQuint Semiconductor (NASDAQ:TQNT), RF Micro Devices, Inc. (NASDAQ:RFMD), Skyworks Solutions, Inc. (NASDAQ:SWKS), ParkerVision, Inc. (NASDAQ:PRKR), Hittite Microwave Corp. (NASDAQ:HITT), Zoran Corporation (NASDAQ:ZRAN), Analog Devices, Inc. (NYSE:ADI), Maxim Integrated Products Inc. (NASDAQ:MXIM), Intersil Corporation (NASDAQ:ISIL), and Intel Corporation (NASDAQ:INTC).

Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had fallen $1.03 (-25.6%) from $4.02 to $2.99. The stock price saw one of its best stretches over the last year between November 29, 2010 and December 8, 2010 when shares rose for eight-straight days, rising 20.7% (+$1.31) over that span. It saw one of its worst periods between March 3, 2011 and March 17, 2011 when shares fell for 11-straight days, falling 19.9% (-$1.04) over that span. Shares are down $3.94 (-56.9%) year to date.

(Source: Xignite Financials)

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