Applied Micro Circuits Earnings Preview: Get Ahead of the Analysts

Applied Micro Circuits (NASDAQ:AMCC) will report earnings after markets close on Thursday, April 25th. Applied Micro Circuits Corporation designs, develops, manufactures, and markets high-performance, high-bandwidth silicon solutions for the world’s communications infrastructure. The Company provides products for the automated test equipment, high-speed computing, and military markets.

Here is your Cheat Sheet to Applied Micro Circuits Earnings:

Earnings Expectations: Analysts expect earnings of $-0.01 per share on revenues of $56.06 million.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.01 and has not changed. For the current year, the average estimate is a loss of $0.45, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Applied Micro Circuits has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 194.12 214.22 205.60 247.71 230.89
Diluted EPS ($) -1.70 -4.74 -0.11 -0.02 -1.33

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 56.35 48.77 41.29 46.32 51.70
Diluted EPS ($) -0.12 -1.08 -0.37 -0.33 -1.08

Past Performance:
Applied Micro Circuits has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)