Xilinx Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Xilinx (NASDAQ:XLNX) will unveil its latest earnings tomorrow, Friday, January 18, 2013. Xilinx designs, develops and markets programmable platforms and predefined system functions delivered as intellectual property cores.

Xilinx Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 37 cents per share, a decline of 11.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 37 cents during the last month. Analysts are projecting profit to rise by 9.8% versus last year to $1.75.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 5 cents, reporting net income of 46 cents per share against a mean estimate of profit of 41 cents per share.

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Stock Price Performance: Between November 14, 2012 and January 14, 2013, the stock price had risen $2.16 (6.4%), from $33.68 to $35.84. It saw one of its worst periods between April 26, 2012 and May 18, 2012 when shares fell for 17 straight days, dropping 14.6% (-$5.34) over that span. The stock price saw one of its best stretches over the last year between December 4, 2012 and December 12, 2012, when shares rose for seven straight days, increasing 3.9% (+$1.35) over that span.

Wall St. Revenue Expectations: Analysts predict a rise of 3.2% in revenue from the year-earlier quarter to $527.7 million.

A Look Back: In the second quarter, profit fell 2.3% to $123.4 million (46 cents a share) from $126.3 million (47 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 2% to $543.9 million from $555.2 million.

Here’s how Xilinx traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 9.9% in the third quarter of the last fiscal year, 4.9% in fourth quarter of the last fiscal year and 5.3% in the first quarter and then fell again in the second quarter.

Analyst Ratings: There are mostly holds on the stock with 12 of 19 analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 6.57 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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