Diodes, Inc. First Quarter Earnings Sneak Peek

Diodes, Inc. (NASDAQ:DIOD) will unveil its latest earnings on Tuesday, May 8, 2012. Diodes is a designer, manufacturer, and supplier of high-quality, application specific standard products within the discrete and analog semiconductor markets, in the consumer electronics, computing, communications, industrial, and automotive markets.

Diodes, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 9 cents per share, a decline of 80.9% 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 14 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 9 cents during the last month. For the year, analysts are projecting net income of 98 cents per share, a decline of 21% from last year.

Last quarter, the company came in at profit of 9 cents per share against a mean estimate of net income of 8 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by 8 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 10.9% in revenue from the year-earlier quarter to $144 million.

Analyst Ratings: Analysts are bullish on Diodes, as three analysts rate it as a buy, one rates it as a sell and four rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 87% to $3.1 million (7 cents a share) from $24 million (52 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 12.5% to $143.3 million from $163.8 million.

Key Stats:

An income boost this time around would be welcome news after profit declines in the past two quarters. Net income dropped 52.9% in the third quarter of the last fiscal year and then again in the fourth quarter of the last fiscal year.

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 1.6% in the third quarter of the last fiscal year and dropped again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 6, 2012 and May 2, 2012, the stock price fell $3.86 (-14.6%), from $26.38 to $22.52. The stock price saw one of its best stretches over the last year between April 23, 2012 and April 27, 2012, when shares rose for five straight days, increasing 7.3% (+$1.53) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12 straight days, dropping 29.8% (-$7.69) over that span.

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

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