International Rectifier Earnings Preview: Get Ahead of the Analysts

International Rectifier (NYSE:IRF) will report earnings after markets close on Monday, April 29th. International Rectifier Corporation designs, manufactures, and markets power semiconductors, including a metal oxide semiconductor field effect transistor called a MOSFET. The Company’s products include power integrated circuits and advanced circuit devices, power systems, and power components. International Rectifier’s products are sold worldwide.

Here is your Cheat Sheet to International Rectifier Earnings:

Earnings Expectations: Analysts expect earnings of $-0.38 per share on revenues of $229.03 million.

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 loss of $0.15 to a loss $0.26. For the current year, the average estimate is a loss of $1.28, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how International Rectifier has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 984.83 740.42 895.30 1,177 1,051
Diluted EPS ($) -0.81 -3.42 1.13 2.33 -0.79

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 ($) in millions 230.08 248.09 269.68 252.49 223.82
Diluted EPS ($) -0.09 -0.04 -0.97 -0.42 -0.47

Past Performance:
International Rectifier 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]