Linear Technology Corp Earnings Release on Deck

S&P 500 (NYSE:SPY) component Linear Technology Corp (NASDAQ:LLTC) will unveil its latest earnings on Tuesday, January 17, 2012. Linear Technology offers a line of standard high performance linear integrated circuits.

Linear Technology Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 39 cents per share, a decline of 38.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 51 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 39 cents during the last month. For the year, analysts are projecting net income of $1.73 per share, a decline of 32.4% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 48 cents per share versus a mean estimate of net income of 50 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 13 cents.

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Wall St. Revenue Expectations: On average, analysts predict $293.1 million in revenue this quarter, a decline of 23.6% from the year ago quarter. Analysts are forecasting total revenue of $1.27 billion for the year, a decline of 14.2% from last year’s revenue of $1.48 billion.

Analyst Ratings: Analysts are bullish on Linear Technology as seven analysts rate it as a buy, two rate it as a sell and eight rate it as a hold.

A Look Back: In the first quarter, profit fell 21% to $108.4 million (47 cents a share) from $137.3 million (59 cents a share) the year earlier, missing analyst expectations. Revenue fell 15.1% to $329.9 million from $388.6 million.

Key Stats:.

The decrease in profit in the first quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 27.1% in the fourth quarter of the last fiscal year, 40.7% in the third quarter of the last fiscal year and 90.3% in the second quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In the fourth quarter of the last fiscal year, the figure fell 2.1%.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Analog Devices, Inc. (NYSE:ADI), National Semicond. Corp. (NYSE:NSM), Maxim Integrated Products Inc. (NASDAQ:MXIM), Intersil Corporation (NASDAQ:ISIL), Micrel, Incorporated (NASDAQ:MCRL), Advanced Analogic Tech. Incorp. (NASDAQ:AATI), ON Semiconductor Corp. (NASDAQ:ONNN), Semtech Corporation (NASDAQ:SMTC), and Microchip Technology Inc. (NASDAQ:MCHP).

Stock Price Performance: During November 11, 2011 to January 11, 2012, the stock price had fallen $1.35 (-4.2%) from $32.20 to $30.85. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 11, 2011 when shares rose for seven-straight days, rising 10.4% (+$2.82) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 16.4% (-$5.03) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks).

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com