LTX-credence Earnings: What Investors Should Watch

LTX-credence (NASDAQ:LTXC) will report earnings before markets open on Wednesday, May 22nd. LTX-Credence Corporation designs, manufactures, and markets automatic test equipment for the semiconductor industry. These products are used to test system-on-a-chip, digital, analog, and mixed-signal integrated circuits. The Company also sells service and applications support for its test systems.

Here is your Cheat Sheet to Ltx-credence Earnings:

Earnings Expectations: Analysts expect earnings of $-0.06 per share on revenues of $38.19 million.

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 $0.14 to a profit $0.04. For the current year, the average estimate is a loss of $0.08, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Ltx-credence has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 135.82 137.38 219.08 249.53 132.13
Diluted EPS ($) -0.03 -3.38 0.39 1.19 -0.40

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

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 24.08 30.84 43.46 43.19 35.02
Diluted EPS ($) -0.20 -0.14 0.0277 0.01 -0.07

Past Performance:
Ltx-credence has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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

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