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 BRCM: Moderate Buy with a $0.40 recent quarter EPS
- Cypress Semiconductor CY: Moderate Buy with a $0.14 recent quarter EPS
- Microsemi MSCC: Moderate Buy with a $0.37 recent quarter EPS
- Texas Instruments 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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