Tower Semiconductor Earnings Preview: Can This Streak Finally End?

Tower Semiconductor (NASDAQ:TSEM) will report earnings before markets open on Thursday, May 9th. Tower Semiconductor Ltd. is an independent foundry providing semiconductor integrated circuits manufacturing and related design services. The Company manufactures wafers using its process technologies and production capability and the proprietary integrated circuit designs of its customers. Tower’s integrated circuits are incorporated into a wide range of products in diverse markets.

Here is your Cheat Sheet to Tower Semiconductor Earnings:

Earnings Expectations: Analysts expect earnings of $-0.66 per share on revenues of $115.05 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 loss of $0.42 to a loss $0.57. For the current year, the average estimate is a loss of $2.05, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 251.66 298.81 509.26 611.02 638.83
Diluted EPS ($) -11.70 -10.65 -2.70 -0.92 -3.25

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

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 174.58 168.01 168.64 154.59 147.59
Diluted EPS ($) -0.9748 -0.90 -0.4395 -0.84 -1.069

Past Performance:
Tower Semiconductor has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“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]