Diodes Inc. Third Quarter Earnings Sneak Peek

Diodes, Inc. (NASDAQ:DIOD) will unveil its latest earnings on Tuesday, November 8, 2011. 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 34 cents per share, a decline of 33.3% 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 49 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 35 cents during the last month. For the year, analysts are projecting profit of $1.53 per share, a decline of 15% from last year.

Past Earnings Performance: Last quarter, the company saw net income of 43 cents per share versus a mean estimate of profit of 43 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 0.9% in revenue from the year-earlier quarter to $164.5 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 second quarter, profit rose 8% to $18 million (38 cents a share) from $16.6 million (37 cents a share) the year earlier, meeting analyst expectations. Revenue rose 13.8% to $169.8 million from $149.2 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 22.8%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 33.6% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 31.6% in the first quarter and 68.6% in the fourth quarter of the last fiscal year.

Competitors to Watch: ON Semiconductor Corp. (NASDAQ:ONNN), Fairchild Semicond. Intl. (NYSE:FCS), Alpha and Omega Semicond. Ltd (NASDAQ:AOSL), Microsemi Corporation (NASDAQ:MSCC), Vishay Intertechnology (NYSE:VSH), IXYS Corporation (NASDAQ:IXYS), Texas Instruments Inc. (NYSE:TXN), Intl. Rectifier Corp. (NYSE:IRF), Infineon Tech. AG (IFNNY), and National Semicond. Corp. (NYSE:NSM).

Stock Price Performance: During October 5, 2011 to November 2, 2011, the stock price had risen $3.46 (18.7%) from $18.50 to $21.96. 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 November 16, 2010 and November 29, 2010 when shares rose for nine-straight days, rising 9.7% (+$2.21) over that span. Shares are down $5.03 (-18.6%) year to date.

(Source: Xignite Financials)

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