Xilinx First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Xilinx (NASDAQ:XLNX) will unveil its latest earnings on Wednesday, July 18, 2012. Xilinx designs, develops and markets programmable platforms and predefined system functions delivered as intellectual property cores.

Xilinx Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 45 cents per share, a decline of 19.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 43 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 45 cents during the last month. For the year, analysts are projecting net income of $1.99 per share, a rise of 2.6% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 8 cents, coming in at profit of 49 cents a share versus the estimate of net income of 41 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the fourth quarter of the last fiscal year, profit fell 16.2% to $134.1 million (49 cents a share) from $160.1 million (60 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 4.9% to $559 million from $587.9 million.

Stock Price Performance: Between April 17, 2012 and July 12, 2012, the stock price fell $4.34 (-12.2%), from $35.54 to $31.20. The stock price saw one of its best stretches over the last year between November 25, 2011 and December 5, 2011, when shares rose for seven straight days, increasing 10.9% (+$3.29) over that span. It saw one of its worst periods between April 26, 2012 and May 18, 2012 when shares fell for 17 straight days, dropping 14.6% (-$5.34) over that span.

Wall St. Revenue Expectations: Analysts predict a decline of 6.5% in revenue from the year-earlier quarter to $575.2 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell 10.4% in the second quarter of the last fiscal year and 9.9% in third quarter of the last fiscal year before falling again in the fourth quarter of the last fiscal year of the last fiscal year.

Heading into this earnings announcement, net income has dropped 15.4% on average for the last four quarters.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 7.15 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Analyst Ratings: There are mostly holds on the stock with 12 of 19 analysts surveyed giving that rating.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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