Ceva Earnings Preview: Get Ahead of the Analysts

Ceva (NASDAQ:CEVA) will report earnings before markets open on Thursday, May 2nd. CEVA, Inc. is the licensor of DSP cores and integrated applications to the semiconductor industry. The Company markets CEVA DSPs, CEVA-Xpert Open Framework Environment, and CEVA-Xpert Applications. CEVA’s products are used in various devices each year.

Here is your Cheat Sheet to Ceva Earnings:

Earnings Expectations: Analysts expect earnings of $0.15 per share on revenues of $12.58 million. Currently, the company’s P/E ratio stands at 25.80.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.2 to a profit $0.14. For the current year, the average estimate is a profit of $0.69, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Ceva has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 40.36 38.47 44.91 60.24 53.68
Diluted EPS ($) 0.42 0.41 0.51 0.77 0.59

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 ($) in millions 15.95 15.11 13.59 12.01 12.97
Diluted EPS ($) 0.1997 0.20 0.15 0.11 0.1212

Past Performance:
Ceva has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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