SanDisk Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component SanDisk Corp (NASDAQ:SNDK) will unveil its latest earnings on Wednesday, January 25, 2012. SanDisk is a multinational corporation whose main focus is the design, development, manufacturing and marketing of flash memory card products. Its data-storage solutions include removable cards and universal serial bus (NYSE:USB) drives, which can be used in a wide gamut of consumer electronics products, such as digital cameras and mobile phones.

SanDisk Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.23 per share, a rise of 5.1% 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 $1.13. Between one and three months ago, the average estimate moved up. It has dropped from $1.24 during the last month. For the year, analysts are projecting profit of $4.47 per share, a rise of 2.8% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 12 cents, coming in at net income of $1.14 a share versus the estimate of profit of $1.02 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $1.57 billion in revenue this quarter, a rise of 18% from the year ago quarter. Analysts are forecasting total revenue of $5.66 billion for the year, a rise of 17.2% from last year’s revenue of $4.83 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit fell 27.6% to $233.3 million (96 cents a share) from $322.1 million ($1.34 a share) the year earlier, but exceeded analyst expectations. Revenue rose 14.8% to $1.42 billion from $1.23 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 16.6% in the second quarter from the year earlier, climbed 19.1% in the first quarter from the year-ago quarter and 6.9% in the fourth quarter of the last fiscal year.

The company has seen net income fall in each of the last three quarters. Net income fell 3.7% in the second quarter and 4.5% in the first quarter.

Competitors to Watch: Western Digital Corp. (NYSE:WDC), STEC, Inc. (NASDAQ:STEC), OCZ Technology Group Inc. (NASDAQ:OCZ), Micron Technology, Inc. (NASDAQ:MU), EMC Corporation (NYSE:EMC), Seagate Technology PLC (NASDAQ:STX), Imation Corp. (NYSE:IMN), Quantum Corporation (NYSE:QTM), Hutchinson Technology Inc. (NASDAQ:HTCH), and Apple Inc. (NASDAQ:AAPL).

Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen $5.78 (12.3%) from $46.90 to $52.68. The stock price saw one of its best stretches over the last year between September 2, 2011 and September 15, 2011 when shares rose for nine-straight days, rising 23.3% (+$8.14) over that span. It saw one of its worst periods between December 9, 2011 and December 19, 2011 when shares fell for seven-straight days, falling 6.9% (-$3.49) over that span.

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

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