LSI Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component LSI Corporation (NYSE:LSI) will unveil its latest earnings on Wednesday, January 25, 2012. LSI designs and markets complex storage and networking semiconductors and storage systems.

LSI Corporation Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 8 cents per share, a decline of 33.3% 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 12 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 8 cents during the last month. For the year, analysts are projecting profit of 36 cents per share, a decline of 12.2% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after missing in the prior quarter. After falling short of the mean estimate by one cent in the second quarter, the company fell in line with expectations by reporting net income of 12 cents last quarter.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 20.8% in revenue from the year-earlier quarter to $526.1 million.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, one rating it as a sell and three rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the third quarter, profit rose 25.3% to $29.3 million (5 cents a share) from $23.4 million (4 cents a share) the year earlier, meeting analyst expectations. Revenue fell 13% to $546.9 million from $629 million.

Key Stats:

Revenue has fallen for the past three quarters. Revenue fell 21.7% in second quarter from the year earlier and 25.7% in the first quarter.

Competitors to Watch: Intel Corporation (NASDAQ:INTC), PMC-Sierra, Inc. (NASDAQ:PMCS), Texas Instruments Inc. (NYSE:TXN), Intl. Business Machines Corp. (NYSE:IBM), Silicon Laboratories (NASDAQ:SLAB), PLX Technology, Inc. (NASDAQ:PLXT), Oracle Corporation (NASDAQ:ORCL), Marvell Tech. Group Ltd. (NASDAQ:MRVL), Dell Inc. (NASDAQ:DELL), and Integrated Device Tech., Inc. (NASDAQ:IDTI).

Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen $1.56 (28.7%) from $5.43 to $6.99. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 9, 2012 when shares rose for six-straight days, rising 13.1% (+78 cents) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 14.3% (-85 cents) over that span.

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

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