Inside Zoran Corp’s Upcoming Second Quarter Earnings Release

Zoran Corp (NASDAQ:ZRAN) will unveil its latest earnings on Monday, July 25, 2011. Zoran Corporation is a provider of digital solutions in the digital entertainment and digital imaging market.

Zoran Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 50 cents per share, a wider loss from the year earlier quarter net loss of 13 cents. During the past three months, the average estimate has moved down from a loss of 30 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at a loss of 50 cents during the last month.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net loss of 51 cents per share versus a mean estimate of a loss of 46 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $82.6 million in revenue this quarter, a decline of 11.5% from the year ago quarter. Analysts are forecasting total revenue of $364 million for the year, a rise of 1.9% from last year’s revenue of $357.3 million.

Analyst Ratings: Analysts seem relatively indifferent about Zoran with three of five analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 6.1% to $84.9 million in first quarter. The figure fell 20.5% in the fourth quarter of the last fiscal year from the year earlier, dropped 14% in third quarter of the last fiscal year from the year-ago quarter and 9.1% in the second quarter of the last fiscal year.

Competitors to Watch: Trident Microsystems, Inc. (NASDAQ:TRID), Broadcom Corporation (NASDAQ:BRCM), Pixelworks, Inc. (NASDAQ:PXLW), Texas Instruments Inc. (NYSE:TXN), Entropic Communications, Inc. (NASDAQ:ENTR), NVIDIA Corporation (NASDAQ:NVDA), Silicon Image, Inc. (NASDAQ:SIMG), ON Semiconductor Corp. (NASDAQ:ONNN), MaxLinear, Inc. (NYSE:MXL), and LOGIC Devices Incorporated (NASDAQ:LOGC).

Stock Price Performance: During April 21, 2011 to July 19, 2011, the stock price had fallen $2.29 (-21.3%) from $10.75 to $8.46. The stock price saw one of its best stretches over the last year between August 3, 2010 and August 10, 2010 when shares rose for six-straight days, rising 2.6% (+23 cents) over that span. It saw one of its worst periods between June 1, 2011 and June 9, 2011 when shares fell for seven-straight days, falling 8.1% (-68 cents) over that span. Shares are down 34 cents (-3.9%) year to date.

(Source: Xignite Financials)

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