SanDisk Earnings Preview: Analysts Expect Rising Revenue

Get ready for SanDisk SNDK earnings! Don't be the last to know: The company announces its next round of earnings this Thursday, July 21, 2011.

Wondering what to expect from this Thursday's announcement? Don't worry. Here's your essential guide to SanDisk's second quarter earnings report.

Let's Do the Numbers:

Based on estimates, investors are readying for a positive EPS reading of 95 cents per share and revenues of $1.34 billion. We'll know on Thursday whether SanDisk has managed the estimated 109% increase in EPS and 114% rise in revenues on a year-over-year basis.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$0.96	$1.08	$1.01	$0.86
EPS Actual	$0.97	$1.17	$1.20	$1.08

Stock Performance:

At last check, shares of SanDisk were trading at $41.62. Shares are down 16.5% year to date. For a full 12 months, the return has risen by 2.2%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for SanDisk is a Moderate Buy. The strength of this rating has risen over the past three months.

Competitors:

Wondering how SanDisk compares to rivals in the same sector? Here are a few of the company's peers.

• Apple AAPL: Moderate Buy with a $6.40 recent quarter EPS
• EMC EMC: Moderate Buy with a $0.24 recent quarter EPS

Finally, a description of the main business areas of the company, in case you need a little refresher: SanDisk. is a multinational corp, whose main focus is the design, development, manufacturing and marketing of flash memory card products. Its data-storage solutions include removable cards and universal serial bus (USB) drives, which can be used in a wide gamut of consumer electronics products, such as digital cameras and mobile phones.

Take Action:

Now that you have reviewed all the numbers, be ready to move if the upcoming SanDisk earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.

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