Cirrus Logic Earnings Preview: Can This Streak Continue?

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Cirrus Logic (NASDAQ:CRUS) will report earnings after markets close on Thursday, July 25th. Cirrus Logic, Inc. designs and manufactures integrated circuits that employ precision linear and advanced mixed-signal processing technologies. The Company’s products enable system-level applications in mass storage, audio, and precision data conversion. Cirrus serves a broad customer base in the mass storage, industrial, and audio markets.

Here is your Cheat Sheet to Cirrus Logic Earnings:

Earnings Expectations: Analysts expect earnings of $0.49 per share on revenues of $160.12 million. Currently, the company’s P/E ratio stands at 9.48.

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 $0.78 to a profit $0.54. For the current year, the average estimate is a profit of $2.16, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Cirrus Logic has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 175 221 370 427 810
Diluted EPS ($) 0.05 0.59 2.82 1.30 2.00

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

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 99.01 193.77 310.13 206.87
Diluted EPS ($) 0.10 0.51 0.99 0.39

Past Performance:
Cirrus Logic 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)

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