Novellus Systems, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Novellus Systems, Inc. (NASDAQ:NVLS) will unveil its latest earnings on Monday, July 11, 2011. Novellus Systems, Inc develops, manufactures, sells and supports equipment used in the creation of chips and semiconductors.

Novellus Systems, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 76 cents per share, a rise of 15.2% 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 99 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 76 cents during the last month. For the year, analysts are projecting net income of $3.60 per share, a rise of 19.2% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of $1.04 per share against a mean estimate of net income of $1.03 per share.

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Wall St. Revenue Expectations: On average, analysts predict $352.3 million in revenue this quarter, a rise of 9.6% from the year ago quarter. Analysts are forecasting total revenue of $1.5 billion for the year, a rise of 11.1% from last year’s revenue of $1.35 billion.

Analyst Ratings: Analysts seem relatively indifferent about Novellus Systems with eight of 14 analysts surveyed maintaining a hold rating.

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 96%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

Competitors to Watch: Mattson Technology, Inc. (NASDAQ:MTSN), Amtech Systems, Inc. (NASDAQ:ASYS), Applied Materials, Inc. (NASDAQ:AMAT), Axcelis Technologies, Inc. (NASDAQ:ACLS), CVD Equipment Corporation (NASDAQ:CVV), Tegal Corporation (NASDAQ:TGAL), ASM Intl. N.V. (NASDAQ:ASMI), Varian Semiconductor (NASDAQ:VSEA), Lam Research Corporation (NASDAQ:LRCX), and FSI International, Inc. (NASDAQ:FSII).

Stock Price Performance: During June 27, 2011 to July 1, 2011, the stock price has risen $2.50 (7.3%) from $34.40 on June 27, 2011 to $36.90 on July 1, 2011. The stock price saw one of its best stretches over the last year between September 13, 2010, and September 21, 2010, when shares rose for seven-straight days, rising 7.2% (+$1.73) over that span. It saw one of its worst periods between April 7, 2011, and April 14, 2011, when shares fell for six-straight days, falling 3.6% (-$1.28) over that span. Shares are up $4.58 (+14.2%) year to date.

(Source: Xignite Financials)

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