Semtech Earnings: Your Sneak Peek to the Big Announcement

Semtech (NASDAQ:SMTC) will report earnings after markets close on Wednesday, May 22nd. Semtech Corporation designs, manufactures, and markets a wide range of analog and mixed-signal semiconductors, including integrated circuits, discrete circuits, and assembly products. The Company’s devices are used in computer, communications, industrial, military-aerospace, and automotive applications.

Here is your Cheat Sheet to Semtech Earnings:

Earnings Expectations: Analysts expect earnings of $0.46 per share on revenues of $158.73 million. Currently, the company’s P/E ratio stands at 57.94.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.51 to a profit $0.53. For the current year, the average estimate is a profit of $2.18, which is better than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 294.82 286.56 454.50 480.60 578.83
Diluted EPS ($) 0.61 0.02 1.12 1.32 0.62

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

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 104.03 116.64 150.70 160.88 150.60
Diluted EPS ($) 0.1855 0.03 0.15 0.25 0.1930

Past Performance:
Semtech has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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

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