Tech Companies SatCon and Cree Report Earnings Tuesday

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 |  Includes: CREE, SATCQ
by: Robert Weinstein

These two are interesting Tech companies report earnings after the close August 9, and should provide opportunity in afterhours trading.

Cree, Inc. (CREE) is a $3.57 billion market cap company that trades an average of 3.62 million shares per day. On average, analysts are expecting $0.21 per share, a drop of $-0.06 in earnings per share compared with last quarter's results of $0.27. The company was founded in 1987 and is based in Durham, North Carolina.

Time Released: Right after close
Industry: Semiconductors
Recent Price: $30.50
52 Week High: $74.87
52 Week Low: $30.17
Book Value: $20.57

I wrote an article about CREE near the begining of the year (Cree Investors Jump Ship Too Early).

Analyst estimates range between $0.15 and $0.23 per share.

For the same fiscal period year-over-year, revenue has improved from $867.29 million for 2010 vs. $567.26 million for 2009. The bottom line has rising earnings year-over-year of $152.29 million for 2010 vs. $30.33 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $197.78 million for 2010 vs. $30.59 million for 2009. Currently at just above the 52 week highs, the stock has not been doing well.

Annually, revenue is growing at a rate of 52.89%.


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 217.43M $ 219.17M $ 1.74M 0.8%
Dec-10 $ 276.99M $ 256.98M $ -20.01M -7.22%
Sep-10 $ 277.65M $ 268.44M $ -9.21M -3.32%
Jun-10 $ 264.00M $ 264.60M $ 0.60M 0.23%
Mar-10 $ 223.76M $ 234.08M $ 10.32M 4.61%
Click to enlarge

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.29 0.27 -0.02 -6.9%
Dec-10 0.58 0.55 -0.03 -5.17%
Sep-10 0.58 0.60 0.02 3.45%
Jun-10 0.51 0.55 0.04 7.84%
Mar-10 0.44 0.47 0.03 6.82%
Click to enlarge

(Some onetime items are often excluded in reported EPS)

SatCon Technology Corporation (SATC) is a $186.89 million market cap company that trades an average of 2.39 million shares per day. On average, analysts are expecting $-0.12 per share, a drop of $-0.10 in earnings per share compared with last quarter's results of $-0.02. The company was founded in 1985 and its headquarters is in Boston, Massachusetts.

Time Released: right after closing bell
Industry: Semiconductors
Recent Price: $1.50
52 Week High: $5.51
52 Week Low: $1.54
Book Value: $0.44

Analyst estimates range between $-0.14 and $-0.11 per share. The forward P/E ratio is 7.5.

Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $173.30 million for 2010 vs. $52.54 million for 2009. The bottom line has rising earnings year-over-year of $-20.47 million for 2010 vs. $-35.04 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $-7.06 million for 2010 vs. $-23.64 million for 2009.

Annually, revenue is growing at a rate of 229.88%.


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 63.20M $ 62.01M $ -1.19M -1.88%
Dec-10 $ 73.65M $ 72.56M $ -1.09M -1.48%
Sep-10 $ 57.28M $ 58.38M $ 1.10M 1.92%
Jun-10 $ 26.81M $ 27.63M $ 0.82M 3.06%
Mar-10 $ 15.19M $ 14.73M $ -0.46M -3.03%
Click to enlarge

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 -0.01 -0.02 -0.01 NA%
Dec-10 0.03 -0.03 -0.06 NA%
Sep-10 -0.02 -0.02 0 NA%
Jun-10 -0.05 -0.12 -0.07 NA%
Mar-10 -0.08 -0.11 -0.03 NA%
Click to enlarge

(Some onetime items are often excluded in reported EPS)

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Disclaimer: I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest. I also often include some that are not "confirmed" but are "Proposed" for the same day. The numbers are only as good as the sources. Many of the ADRs that are relatively new provide a special challenge that can be very time consuming to figure out the "best" number. Chinese ADRs that are new seem to be especially prone to conflicts with Reuters, EDGAR Online, and other sources. Not everyone puts companies into the same sector. I use Reuters as my primary guide to keep it consistent.