Xilinx Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Xilinx, Inc. (NASDAQ:XLNX) will unveil its latest earnings on Wednesday, January 18, 2012. 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 profit of 37 cents per share, a decline of 37.3% 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 46 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 39 cents during the last month. For the year, analysts are projecting net income of $1.75 per share, a decline of 27.7% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of 47 cents a share versus the estimate of net income of 44 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 11.8% in revenue from the year-earlier quarter to $500.4 million.

Analyst Ratings: 11 out of 21 analysts surveyed (52.4%) have a buy rating on Xilinx.. This is below the mean analyst rating of 10 competitors, which average 72.4% buy ratings. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit fell 26.1% to $126.3 million (47 cents a share) from $170.9 million (65 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 10.4% to $555.2 million from $619.7 million.

Key Stats:.

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 3.5%in the first quarter, 11.1% in the fourth quarter of the last fiscal year and 10.5% in the third quarter of the last fiscal year.

The company has seen net income fall in each of the last two quarters. Net income dropped 2.7% in the first quarter.

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 October 17, 2011 to January 12, 2012, the stock price had risen $3.37 (11.2%) from $30.09 to $33.46. The stock price saw one of its best stretches over the last year between November 25, 2011 and December 5, 2011 when shares rose for seven-straight days, rising 10.9% (+$3.29) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 8.8% (-$2.90) over that span.

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

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