Analog Devices Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Analog Devices, Inc. (NYSE:ADI) will unveil its latest earnings on Monday, November 21, 2011. Analog Devices designs, manufactures, and markets analog, mixed-signal, and digital signal processing integrated circuits used in industrial, communication, computer, and consumer applications.

Analog Devices, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 63 cents per share, a decline of 13.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 66 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 64 cents during the last month. For the year, analysts are projecting net income of $2.77 per share, a rise of 16.9% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 71 cents per share versus a mean estimate of net income of 73 cents per share. In the second quarter, the company beat estimates by 7 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 5.2% in revenue from the year-earlier quarter to $730 million.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the third quarter, profit rose 10.2% to $219.9 million (71 cents a share) from $199.5 million (65 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 5.2% to $757.9 million from $720.3 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 44.7% in the second quarter and 84.4% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 18.3% in the second quarter from the year earlier, climbed 20.8% in the first quarter from the year-ago quarter and 34.7% in the fourth quarter of the last fiscal year.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), National Semicond. Corp. (NYSE:NSM), Intersil Corporation (NASDAQ:ISIL), Linear Technology Corp. (NASDAQ:LLTC), Maxim Integrated Products Inc. (NASDAQ:MXIM), ON Semiconductor Corp. (NASDAQ:ONNN), Intel Corp (NASDAQ:INTC), Silicon Laboratories (NASDAQ:SLAB), Cirrus Logic, Inc. (NASDAQ:CRUS), Broadcom Corporation (NASDAQ:BRCM), and Micrel, Incorporated (NASDAQ:MCRL).

Stock Price Performance: During August 22, 2011 to November 15, 2011, the stock price had risen $5.70 (18.4%) from $30.96 to $36.66. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 9.5% (+$3.48) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 11.8% (-$4.69) over that span. Shares are down 28 cents (-0.8%) year to date.

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

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