PLX Technology Earnings Preview: Get Ahead of the Analysts

PLX Technology (NASDAQ:PLXT) will report earnings after markets close on Monday, July 22nd. PLX Technology, Inc. provides semiconductor devices and related software. The Company’s products accelerate the flow of data in embedded systems that transmit, store, and process data including networking telecommunications, imaging, storage, and industrial equipment.

Here is your Cheat Sheet to Plx Technology Earnings:

Earnings Expectations: Analysts expect earnings of $0.06 per share on revenues of $26.63 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 $0.08 to a profit $0.06. For the current year, the average estimate is a profit of $0.28, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Plx Technology has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 81 83 117 116 100
Diluted EPS ($) -2.00 -0.53 -0.08 -0.53 -0.73

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 ($) in millions 26.06 26.87 23.41 26.22
Diluted EPS ($) -0.41 -0.14 -0.01 0.06

Past Performance:
Plx Technology 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)