Cypress Semiconductor Earnings Preview: Get Ahead of the Analysts

Cypress Semiconductor (NASDAQ:CY) will report earnings before markets open on Thursday, July 18th. Cypress Semiconductor Corporation designs, develops, manufactures, and markets a line of digital and mixed-signal integrated circuits. The Company’s circuits are used in the data communications, telecommunications, computers, and instrumentation systems markets. Cypress’ products are marketed worldwide through a network of sales offices, distributors, and sales representative firm.

Here is your Cheat Sheet to Cypress Semiconductor Earnings:

Earnings Expectations: Analysts expect earnings of $0.07 per share on revenues of $182.91 million.

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 $0.18 to a profit $0.15. For the current year, the average estimate is a profit of $0.43, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 766 668 878 995 770
Diluted EPS ($) -2.93 -1.03 0.40 0.89 -0.16

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

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 201.30 203.01 180.28 172.73
Diluted EPS ($) 0.03 0.09 -0.17 -0.19

Past Performance:
Cypress Semiconductor 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]