Lattice Semiconductor Earnings Preview: Get Ahead of the Analysts

Lattice Semiconductor (NASDAQ:LSCC) will report earnings after markets close on Thursday, July 25th. Lattice Semiconductor Corporation designs, develops, and markets high speed programmable logic devices. The Company’s products provide electronic systems customers with quickly designed, easily configured components. Lattice markets its products to original equipment manufacturers of communication, computing, industrial, and military systems.

Here is your Cheat Sheet to Lattice Semiconductor Earnings:

Earnings Expectations: Analysts expect earnings of $0.03 per share on revenues of $83.60 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 profit of $0.06 to a profit $0.05. For the current year, the average estimate is a profit of $0.17, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 222 194 298 318 279
Diluted EPS ($) -0.33 -0.06 0.48 0.65 -0.25

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 ($) in millions 70.79 70.89 65.88 71.16
Diluted EPS ($) -0.11 -0.02 -0.06 0.02

Past Performance:
Lattice Semiconductor 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]