Intevac Earnings Preview: Can This Streak Continue?

Intevac (NASDAQ:IVAC) will report earnings after markets close on Monday, April 29th. Intevac, Inc. designs, manufactures, and sells complex capital equipment that is primarily used to manufacture data storage products and flat panel displays. The Company supplies electro-optical devices and sputtering systems used to manufacture thin-film disks for computer hard disk drives. Intevac also sells disk lubrication equipment and contact stop-start test equipment.

Here is your Cheat Sheet to Intevac Earnings:

Earnings Expectations: Analysts expect earnings of $-0.35 per share on revenues of $14.80 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 $0.21 to a loss $0.25. For the current year, the average estimate is a loss of $0.82, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 110.31 77.98 202.53 82.97 83.42
Diluted EPS ($) -0.71 -0.46 1.22 -0.96 -2.37

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 ($) in millions 18.64 17.32 31.79 16.83 17.48
Diluted EPS ($) -0.27 -0.14 -0.06 -0.34 -1.83

Past Performance:
Intevac 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]