S&P 500 (NYSE:SPY) component LSI Corporation (NYSE:LSI) will unveil its latest earnings on Wednesday, October 24, 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 13 cents per share, a rise of 8.3% 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 14 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 13 cents during the last month. For the year, analysts are projecting profit of 61 cents per share, a rise of 60.5% from last year.
Past Earnings Performance: Last quarter, the company reported net income of 16 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.
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A Look Back: In the second quarter, profit fell 80% to $58.7 million (10 cents a share) from $293.8 million (48 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 31.7% to $659.6 million from $500.6 million.
Wall St. Revenue Expectations: Analysts are projecting a rise of 16.8% in revenue from the year-earlier quarter to $638.9 million.
Stock Price Performance: Between August 22, 2012 and October 18, 2012, the stock price had fallen $1.11 (-14.5%), from $7.68 to $6.57. The stock price saw one of its best stretches over the last year between August 6, 2012 and August 13, 2012, when shares rose for six straight days, increasing 6.9% (+50 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, dropping 14.3% (-85 cents) over that span.
On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 31.5% in the first quarter before climbing again in the second quarter.
Analyst Ratings: With 10 analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.49 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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