Xilinx, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Xilinx, Inc. (NASDAQ:XLNX) will unveil its latest earnings on Wednesday, October 19, 2011. Xilinx designs, develops and markets programmable platforms and predefined system functions delivered as intellectual property cores.

Xilinx, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 44 cents per share, a decline of 32.3% 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 53 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 49 cents during the last month. Analysts are projecting profit to rise by 19.4% versus last year to $1.95.

Past Earnings Performance: Last quarter, the company reported profit of 56 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 9.2% in revenue from the year-earlier quarter to $562.8 million.

Analyst Ratings: Analysts seem relatively indifferent about Xilinx with 12 of 21 analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, profit fell 2.7% to $154.4 million (56 cents a share) from $158.6 million (58 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 3.5% to $615.5 million from $594.7 million.

Key Stats:

The decrease in profit in the first quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 7.8% in the fourth quarter of the last fiscal year, 42.5% in the third quarter of the last fiscal year and more than twofold in the second quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 11.1% in the fourth quarter of the last fiscal year from the year earlier, climbed 10.5% in the third quarter of the last fiscal year from the year-ago quarter and 49.3% in the second quarter of the last fiscal year.

Competitors to Watch: Altera Corporation (NASDAQ:ALTR), Lattice Semiconductor (NASDAQ:LSCC), QuickLogic Corporation (NASDAQ:QUIK), Cypress Semicond. Corp. (NASDAQ:CY), Microsemi Corporation (NASDAQ:MSCC), Atmel Corporation (NASDAQ:ATML), ON Semiconductor Corp. (NASDAQ:ONNN), Sajan, Inc. (SAJA), Texas Instruments Inc. (NYSE:TXN), and TranSwitch Corporation (NASDAQ:TXCC).

Stock Price Performance: During July 20, 2011 to October 13, 2011, the stock price had fallen $2.93 (-8.9%) from $32.97 to $30.04. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 4, 2010 when shares rose for eight-straight days, rising 10.1% (+$2.49) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 10.3% (-$3.80) over that span. Shares are up $1.53 (+5.4%) year to date.

(Source: Xignite Financials)

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