ANADIGICS Inc. Third Quarter Earnings on Deck

ANADIGICS, Inc. (NASDAQ:ANAD) will unveil its latest earnings on Wednesday, October 26, 2011. 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 a loss of 20 cents per share, a swing from net income of 3 cents in the year earlier quarter. During the past three months, the average estimate has moved down from a loss of 19 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 20 cents during the last month.

Last quarter, the company came in at net loss of 18 cents per share against a mean estimate of a loss of 20 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $35.9 million in revenue this quarter, a decline of 41.5% from the year ago quarter. Analysts are forecasting total revenue of $153.6 million for the year, a decline of 29.1% from last year’s revenue of $216.7 million.

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

A Look Back: In the second quarter, the company swung to a loss of $13.1 million (19 cents a share) from a profit of $791,000 (one cent) a year earlier, but beat analyst expectations. Revenue fell 31.1% to $35.6 million from $51.7 million.

Key Stats:

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 0.2%.

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 July 27, 2011 to October 20, 2011, the stock price had fallen 68 cents (-21.8%) from $3.12 to $2.44. 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 $4.49 (-64.8%) year to date.

(Source: Xignite Financials)

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