Mentor Graphics Corp Third Quarter Earnings Cheat Sheet Sneak Peek

Mentor Graphics Corp (NASDAQ:MENT) will unveil its latest earnings on Thursday, November 17, 2011. Mentor Graphics supplies electronic design automation systems and emulation systems used to automate the design, analysis, and testing of electronic hardware and embedded systems software.

Mentor Graphics Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 12 cents per share, a decline of 29.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 9 cents. Between one and three months ago, the average estimate moved up. It has dropped from 14 cents during the last month. Analysts are projecting profit to rise by 13.7% versus last year to 58 cents.

Past Earnings Performance: Last quarter, the company beat estimates by 15 cents, coming in at profit of 8 cents a share versus the estimate of net loss of 7 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 2.5% in revenue from the year-earlier quarter to $244.9 million.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the second quarter, the company swung to a profit of $4.3 million (4 cents a share) from a loss of $14.2 million (13 cents) a year earlier, beating analyst estimates. Revenue rose 13.7% to $213.7 million from $187.9 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 24.3%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 29.6% from the year earlier quarter.

Competitors to Watch: Synopsys, Inc. (NASDAQ:SNPS), Cadence Design Systems, Inc. (NASDAQ:CDNS), Magma Design Automation, Inc. (NASDAQ:LAVA), ANSYS, Inc. (NASDAQ:ANSS), PDF Solutions, Inc. (NASDAQ:PDFS), Autodesk, Inc. (NASDAQ:ADSK), National Instruments Corp (NASDAQ:NATI), Parametric Technology (NASDAQ:PMTC), Tessera Technologies, Inc. (NASDAQ:TSRA), and Intl. Business Machines Corp. (NYSE:IBM).

Stock Price Performance: During August 18, 2011 to November 11, 2011, the stock price had risen $2.63 (29.7%) from $8.85 to $11.48. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 13.2% (+$1.66) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 23.5% (-$2.69) over that span. Shares are down 52 cents (-4.3%) year to date.

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

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