Linear Technology Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Linear Technology Corp (NASDAQ:LLTC) will unveil its latest earnings on Tuesday, October 18, 2011. 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 50 cents per share, a decline of 18% 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 57 cents. Between one and three months ago, the average estimate moved down. It has risen from 49 cents during the last month. For the year, analysts are projecting net income of $2.08 per share, a decline of 18.8% from last year.

Past Earnings Performance: Last quarter, the company reported profit of 69 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $333.1 million in revenue this quarter, a decline of 14.3% from the year ago quarter. Analysts are forecasting total revenue of $1.39 billion for the year, a decline of 6.1% from last year’s revenue of $1.48 billion.

Analyst Ratings: Analysts seem relatively indifferent about Linear Technology with nine of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 27.1% to $158.2 million (68 cents a share) from $124.5 million (54 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 2.1% to $358.6 million from $366.2 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 40.7% in the third quarter of the last fiscal year and 90.3% in the second quarter of the last fiscal year.

A year-over-year revenue decrease in the fourth quarter of the last fiscal year snapped a streak of three consecutive quarters of revenue increases. Revenue rose 13.4%in the third quarter of the last fiscal year, 49.6% in the second quarter of the last fiscal year and 64.6% in the first quarter of the last fiscal year.

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 August 16, 2011 to October 12, 2011, the stock price had risen $3.25 (12.1%) from $26.97 to $30.22. 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% (+$2.84) 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% (-$5.07) over that span. Shares are down $3.59 (-10.6%) year to date.

(Source: Xignite Financials)

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