Cirrus Logic Earnings Preview: Can This Streak Continue?
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.
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 $2.16, which is worse than the estimate ninety days ago.
Here’s how Cirrus Logic has been performing on an annual basis:
|Revenue ($) 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|
Cirrus Logic has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)