Hittite Microwave Earnings Preview: Can This Streak Continue?

Hittite Microwave (NASDAQ:HITT) will report earnings after markets close on Thursday, July 25th. Hittite Microwave Corporation designs and develops integrated circuits, modules, and subsystems for radio frequency, microwave, and millimeter wave applications. The Company’s products include power amplifiers, switches, modulators, converters, and phase shifters.

Here is your Cheat Sheet to Hittite Microwave Earnings:

Earnings Expectations: Analysts expect earnings of $0.56 per share on revenues of $67.72 million. Currently, the company’s P/E ratio stands at 27.07.

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 $0.61 to a profit $0.58. For the current year, the average estimate is a profit of $2.32, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Hittite Microwave has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 180 163 244 264 264
Diluted EPS ($) 1.74 1.55 2.56 2.77 2.22

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 ($) in millions 65.39 67.17 68.51 67.70
Diluted EPS ($) 0.56 0.57 0.57 0.57

Past Performance:
Hittite Microwave has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)