Inside Xilinx, Inc.’s Upcoming First Quarter Earnings

S&P 500 (NYSE:SPY) component Xilinx, Inc. (NASDAQ:XLNX) will unveil its latest earnings on Wednesday, July 20, 2011. Xilinx, Inc. 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 53 cents per share, a decline of 8.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 52 cents. For the year, analysts are projecting net income of $2.18 per share, a decline of 9.9% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 60 cents per share against a mean estimate of net income of 52 cents, and the quarter before, the company exceeded forecasts by 7 cents with profit of 59 cents versus a mean estimate of net income of 52 cents.

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Wall St. Revenue Expectations: On average, analysts predict $599.8 million in revenue this quarter, a rise of 0.9% from the year ago quarter. Analysts are forecasting total revenue of $2.47 billion for the year, a rise of 4.2% from last year’s revenue of $2.37 billion.

Analyst Ratings: 12 out of 23 analysts surveyed (52.2%) have a buy rating on Xilinx.. This is below the mean analyst rating of 10 competitors, which average 64.7% buy ratings.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 32.3%, with the biggest boost coming in the first quarter of the last fiscal year when revenue rose 58.1% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the fourth quarter of the last fiscal year, net income rose 7.8% while it rose 42.5% in the third quarter of the last fiscal year and more than twofold 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 April 18, 2011 to July 14, 2011, the stock price had risen $2.99 (9.8%) from $30.54 to $33.53. 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% (+$2.50) over that span. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six-straight days, falling 9.6% (-$3.58) over that span. Shares are up $4.84 (+16.9%) year to date.

(Source: Xignite Financials)

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