ANADIGICS, Inc. Second Quarter Earnings Sneak Peek

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ANADIGICS, Inc. (NASDAQ:ANAD) will unveil its latest earnings on Monday, July 30, 2012. Anadigics is a provider of semiconductor solutions in the growing broadband wireless and wireline communications markets.

ANADIGICS, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 23 cents per share, a wider loss from the year-earlier quarter net loss of 18 cents. During the past three months, the average estimate has moved down from a loss of 20 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 23 cents during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at net loss of 24 cents per share against a mean estimate of a loss of 21 cents. The company fell in line with expectations in the fourth quarter of the last fiscal year.

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A Look Back: In the first quarter, the company’s loss widened to a loss of a $15.8 million (23 cents a share) from a loss of $10.7 million (16 cents) a year earlier, missing analyst expectations. Revenue fell 34.6% to $28.4 million from $43.5 million.

Stock Price Performance: Between April 27, 2012 and July 24, 2012, the stock price fell 63 cents (-28%), from $2.25 to $1.62. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 14, 2012, when shares rose for seven straight days, increasing 21% (+47 cents) over that span. It saw one of its worst periods between November 16, 2011 and November 25, 2011 when shares fell for seven straight days, dropping 22.1% (-57 cents) over that span.

Wall St. Revenue Expectations: On average, analysts predict $26.3 million in revenue this quarter, a decline of 26.2% from the year-ago quarter. Analysts are forecasting total revenue of $114.7 million for the year, a decline of 25% from last year’s revenue of $152.8 million.

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 31.1% in the second quarter of the last fiscal year, 39.2% in third quarter of the last fiscal year and 39.4% in the fourth quarter of the last fiscal year and then fell again in the first quarter.

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

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 4.71 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)

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