Diodes Second Quarter Earnings Sneak Peek

Diodes, Inc. (NASDAQ:DIOD) will unveil its latest earnings on Tuesday, August 9, 2011. Diodes Inc. 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 43 cents per share, a rise of 4.9% 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 51 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 43 cents during the last month. For the year, analysts are projecting profit of $1.88 per share, a rise of 4.4% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported net income of 47 cents per share versus a mean estimate of profit of 47 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $174.3 million in revenue this quarter, a rise of 16.9% from the year ago quarter. Analysts are forecasting total revenue of $702.4 million for the year, a rise of 14.6% from last year’s revenue of $612.9 million.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

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 30.2%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 43.6% from the year earlier quarter.

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 May 9, 2011 to August 3, 2011, the stock price had fallen $11.86 (-35.2%) from $33.67 to $21.81. 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. It saw one of its worst periods between July 22, 2011 and August 3, 2011 when shares fell for nine-straight days, falling 15.5% (-$4) over that span. Shares are down $5.18 (-19.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>