National Semiconductor Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component National Semiconductor Corp (NYSE:NSM) will unveil its latest earnings on Thursday, June 9, 2011. National Semiconductor Corporation designs and manufactures a range of semiconductor products, most of which are analog and mixed-signal integrated circuits.

National Semiconductor Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating net income of 27 cents per share, a decline of 25% from the same quarter a year ago. Estimates range from profit of 26 cents per share to net income of 28 cents per share. The consensus estimate is the same as three months ago. For the year, analysts are projecting profit of $1.23 per share, a rise of 30.9% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 2 cents in the second quarter, the company fell in line with expecations by reporting net income of 24 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $365.1 million in revenue this quarter, a decline of 8.4% from the year ago quarter. Analysts are forecasting total revenue of $1.51 billion for the year, from last year’s revenue of $1.42 billion.

Analyst Ratings: Analysts seem relatively indifferent about National Semiconductor with 13 of 18 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease last quarter snaps a streak of three consecutive quarters of revenue increases. Revenue rose 13.3% in the third quarter of the last fiscal year, 31%in the second quarter and 41.9% in the first quarter.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Analog Devices, Inc. (NYSE:ADI), Intersil Corporation (NASDAQ:ISIL), Linear Technology Corp. (NASDAQ:LLTC), ON Semiconductor Corp. (NASDAQ:ONNN), Maxim Integrated Products Inc. (NASDAQ:MXIM), STMicroelectronics N.V. (NYSE:STM), Fairchild Semicond. Intl. (NYSE:FCS), Intel (NASDAQ:INTC), Micrel, Incorporated (NASDAQ:MCRL), and Semtech Corporation (NASDAQ:SMTC).

Recent Price Movement: Over the past three months, the stock price has risen $10.23 (71%) from $14.37 on March 9, 2011 to $24.56.

(Sources: YahooFinance and Xignite Financials)

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