Altera Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
July 15, 2011 10:20 AM
Altera (NASDAQ: ALTR) earnings are coming up! Don't miss out: The company unveils its next round of earnings this Tuesday, July 19, 2011.
Wondering what to expect from Altera's lastest earnings numbers? We thought so. Here's an advanced look at the company's second quarter earnings report.
Let's Do the Numbers:
Based on estimates, investors are readying for a positive EPS reading of 64 cents per share and revenues of $548.7 million. Can Altera manage the estimated 130% rise in EPS and 117% increase in revenues as analysts are predicting? We'll have to wait until Tuesday to find out.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 | Q4 | Q3 | Q2 |
| EPS Estimate | 65 cents | 71 cents | 65 cents | 53 cents |
| EPS Actual | 68 cents | 72 cents | 69 cents | 58 cents |
Stock Performance:
As of July 13, 2011, Altera's current share price was $43.66. Shares are up 23.1% year to date.
Average Stock Rating:
The average rating by analysts for Altera is a Moderate Buy.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Altera's peers.
- Broadcom (NASDAQ: BRCM): Moderate Buy with a $0.40 recent quarter EPS
- Cypress Semiconductor (NASDAQ: CY): Moderate Buy with a $0.14 recent quarter EPS
- Microsemi (NASDAQ: MSCC): Moderate Buy with a $0.37 recent quarter EPS
- Texas Instruments (NYSE: TXN): Moderate Buy with a $0.57 recent quarter EPS
Altera is in the logic development industry, which has experienced price/earnings growth of 1.4%.
Finally, a description of the main business areas of the company, in case you need a little refresher: Altera Corp. designs and manufactures programmable logic devices, HardCopy ASIC devices, pre-defined design building blocks, cores and associated development tools.
Take Action:
That's your advanced look at Altera's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
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