Analog Devices Earnings Preview: Analyts Expect Higher EPS, Revenue

Analog Devices ADI releases its next round of earnings this Tuesday, August 16, 2011. Here's Benzinga's essential guide to Analog Devices' third quarter earnings report.

Earnings and Revenue:

Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of 74 cents/share and revenues of $780.6 million. Analog Devices' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 65 cents/share on revenues of $720.3 million. Can Analog Devices manage the estimated 13.8% rise in EPS and 8.4% increase in revenues from the year-ago quarter 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	Q2	Q1	Q4	Q3
EPS Estimate	$0.68	$0.65	$0.70	$0.60
EPS Actual	$0.75	$0.66	$0.73	$0.65

Stock Performance:

At last check, shares of Analog Devices were trading at $30.67. Since January 1st, shares of Analog Devices have declined 17.6%. For a full 12 months, the return has declined by 3.1%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

• Long-term shareholders are already wary of 12-month losses prior to the announcement

Average Stock Rating:

The average rating by analysts for Analog Devices is a Moderate Buy. This rating has remained steady over the past ninety days.

Competitors:

Wondering how some of the other information technology companies are doing? Here are a few of Analog Devices' peers in that sector.

• Broadcom BRCM: Moderate Buy with a $0.50 recent quarter EPS
• Cirrus Logic CRUS: Moderate Buy with a $0.21 recent quarter EPS
• Intersil ISIL: Hold with a $0.17 recent quarter EPS
• Linear Technology LLTC: Hold with a $0.69 recent quarter EPS

Analog Devices is in the semiconductors-analog and mixed industry, which has experienced price/earnings growth of 1.3%.

Finally, a description of the company's main areas of operation: Analog Devices designs, manufactures and markets analog, mixed-signal and digital signal processing integrated circuits used in industrial, communication, computer and consumer applications.

Take Action:

Now that you have reviewed all the numbers, be ready to move if the upcoming Analog Devices 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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