Diodes Inc. Fourth Quarter Earnings Sneak Peek

Diodes, Inc. (NASDAQ:DIOD) will unveil its latest earnings on Wednesday, February 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 net income of 8 cents per share, a decline of 85.5% 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 30 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 8 cents during the last month. For the year, analysts are projecting profit of $1.24 per share, a decline of 31.1% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at net income of 26 cents per share against a mean estimate of profit of 34 cents. The company fell in line with expectations in the second quarter.

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Wall St. Revenue Expectations: On average, analysts predict $147.1 million in revenue this quarter, a decline of 10.2% from the year ago quarter. Analysts are forecasting total revenue of $639.4 million for the year, a rise of 4.3% from last year’s revenue of $612.9 million.

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

A Look Back: In the third quarter, profit fell 52.9% to $10 million (21 cents a share) from $21.2 million (46 cents a share) the year earlier, missing analyst expectations. Revenue fell 1.6% to $160.6 million from $163.1 million.

Key Stats:

A year-over-year revenue decrease in the third quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 13.8%in the second quarter, 18.1% in the first quarter and 25.7% in the fourth quarter of the last fiscal year.

The decrease in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 8% in the second quarter, 31.6% in the first quarter and 68.6% in the fourth quarter of the last fiscal year.

Stock Price Performance: During December 5, 2011 to February 2, 2012, the stock price had risen $5.80 (27.6%) from $20.99 to $26.79. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12-straight days, falling 29.8% (-$7.69) over that span. The stock price saw one of its best stretches over the last year between February 28, 2011 and March 4, 2011 when shares rose for five-straight days, rising 9.6% (+$2.79) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com