Avago Technologies Limited Earnings Preview: Can This Streak Continue?

Avago Technologies Limited (NASDAQ:AVGO) will report earnings after markets close on Wednesday, May 29th. Avago Technologies Ltd. manufactures semiconductor products such as optoelectronics, radio-frequency and microwave components, and application-specific integrated circuits. The Company’s products are used in mobile phones, consumer electronics, enterprise and telecom networking gear, optical mice, automotive electronics, and military and aerospace systems.

Here is your Cheat Sheet to Avago Technologies Limited Earnings:

Earnings Expectations: Analysts expect earnings of $0.53 per share on revenues of $557.78 million. Currently, the company’s P/E ratio stands at 15.36.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.67 to a profit $0.62. For the current year, the average estimate is a profit of $2.45, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Avago Technologies Limited has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,699 1,484 2,093 2,336 2,364
Diluted EPS ($) 0.38 -0.20 1.69 2.19 2.25

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 577.00 606.00 618.00 576.00
Diluted EPS ($) 0.54 0.58 0.64 0.50

Past Performance:
Avago Technologies Limited has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)