Hutchinson Technology Earnings Preview: Get Ahead of the Analysts

Hutchinson Technology (NASDAQ:HTCH) will report earnings after markets close on Tuesday, April 30th. Hutchinson Technology Incorporated manufactures and supplies suspension assemblies for hard disk drives. The Company’s suspension assemblies hold recording heads in position above the spinning magnetic disks. Hutchinson Technology supplies its products to users of suspension assemblies around the world.

Here is your Cheat Sheet to Hutchinson Technology Earnings:

Earnings Expectations: Analysts expect earnings of $-0.34 per share on revenues of $62.64 million.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.33 to a loss $0.29. For the current year, the average estimate is a loss of $1.02, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Hutchinson Technology has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 631.62 408.02 347.19 278.09 248.59
Diluted EPS ($) -4.83 -7.27 -2.52 -2.38 -2.06

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 58.48 65.48 61.00 63.63 63.70
Diluted EPS ($) -0.53 -0.32 -0.59 -0.6169 -0.27

Past Performance:
Hutchinson Technology has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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