Micrel Earnings Preview: Get Ahead of the Analysts

Micrel (NASDAQ:MCRL) will report earnings after markets close on Thursday, April 25th. Micrel, Incorporated designs, develops, manufactures, and markets analog power integrated circuits and digital integrated circuits. The Company’s products are used in a wide variety of electronic products, including those in the communications, computer, and industrial markets. Micrel also manufactures custom, analog and mixed-signal circuits and provides wafer foundry services.

Here is your Cheat Sheet to Micrel Earnings:

Earnings Expectations: Analysts expect earnings of $0.07 per share on revenues of $61.20 million. Currently, the company’s P/E ratio stands at 47.90.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.12 to a profit $0.09. For the current year, the average estimate is a profit of $0.4, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Micrel has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 259.36 218.89 297.37 259.02 250.11
Diluted EPS ($) 0.40 0.26 0.81 0.54 0.20

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 58.78 61.15 63.70 62.93 62.33
Diluted EPS ($) 0.08 0.09 0.10 0.08 -0.07

Past Performance:
Micrel has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)