Sigma Designs Earnings Preview: Get Ahead of the Analysts

Sigma Designs (NASDAQ:SIGM) will report earnings after markets close on Wednesday, June 12th. Sigma Designs, Inc. designs, manufactures, and markets high-performance, System-on-a-Chip (SoC) semiconductors. The Company serves markets that include IPTV Set-top Boxes, Blu-ray players, HDTV’s, digital media players, and ultra-wideband connectivity markets.

Here is your Cheat Sheet to Sigma Designs Earnings:

Earnings Expectations: Analysts expect earnings of $0.02 per share on revenues of $50.42 million.

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 $0.07 to a profit $0.05. For the current year, the average estimate is a profit of $0.2, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 209 206 287 183 217
Diluted EPS ($) 0.95 0.09 0.29 -5.25 -3.08

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

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 40.26 68.25 63.90 44.20
Diluted EPS ($) -0.42 -0.40 -1.18 -1.05

Past Performance:
Sigma Designs has beat analyst estimates 2 times 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)