Earnings Previews: 3 Technology Companies Report Quarterly Results Wednesday

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 |  Includes: AMAT, HQCL, SMTC
by: Robert Weinstein

Applied Materials, Inc. (NASDAQ:AMAT) is due to report earnings after the closing bell on Wednesday, August 24.

Overview

AMAT trades an average of 20.25 million shares per day, and has a market cap of $15.32 billion.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company was founded in 1967 and is headquartered in Santa Clara, California.

Recent Price: $11.13

52 Week High: $16.93

52 Week Low: $10.27

Book Value: $6.21

On average, 16 analysts are expecting $0.32 per share, a drop of $-0.06 in earnings per share compared to last quarter's results of $0.38. A beat of $0.32 per share, will top the estimated mean earnings. Analyst estimates range between $0.31 and $0.35 per share. In the last month, the stock has decreased in price -8.43%, in the last quarter, it has returned -10.01%, with a one year change of 2.06%.

Compared to the S&P 500 price changes, the price performances are 1.69% vs. the S&P 500 from a month ago, -20.45% vs. the S&P 500 from six months ago, and the year to date difference is -12.88% vs. the S&P 500 price change.

For the same fiscal period year-over-year, revenue has improved to $9.55 billion for 2010 vs. $5.01 billion for 2009. The bottom line has rising earnings year-over-year of $937.87 million for 2010 vs. $-305.33 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $1.38 billion for 2010 vs. $-393.62 million for 2009.

The annual growth rate of revenue is 90.62%.

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

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 2.77 B $ 2.86 B $ 95.81 M 3.46%
Jan-11 $ 2.60 B $ 2.69 B $ 89.97 M 3.47%
Oct-10 $ 2.59 B $ 2.89 B $ 291.68 M 11.24%
Jul-10 $ 2.38 B $ 2.52 B $ 138.03 M 5.8%
Apr-10 $ 2.24 B $ 2.30 B $ 51.55 M 2.3%
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M = millions, B = billions

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

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Apr-11 0.37 0.38 0.01 2.7%
Jan-11 0.33 0.36 0.03 9.09%
Oct-10 0.31 0.36 0.05 16.13%
Jul-10 0.25 0.29 0.04 16%
Apr-10 0.21 0.22 0.01 4.76%
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(Some onetime items are often excluded in reported EPS)

Semtech Corporation (NASDAQ:SMTC) is due to report earnings after the closing bell on Wednesday, August 24.

Overview

SMTC trades an average of 850 thousand shares per day, and has a market cap of $1.37 billion.

Semtech Corporation, together with its subsidiaries, engages in the design, development, manufacture, and marketing of analog and mixed-signal semiconductor products. The company was founded in 1960 and is headquartered in Camarillo, California.

Recent Price: $19.86

52 Week High: $29.47

52 Week Low: $16.14

Book Value: $8.82

Analysts are expecting an improvement of $0.03 in earnings per share compared to last quarter's results of $0.45. A beat of $0.48 per share, will top the estimated mean earnings. Looking at the price movement over the last month, the stock has fallen in price -17.52 %, in the last quarter, it has returned -19.01%, with a one year change of 25.22%.

Comparing to the S&P 500 price changes, the price performances are -8.41% vs. the S&P 500 from a month ago, 1.28% vs. the S&P 500 from six months ago, and the year to date difference is -2.76% vs. the S&P 500 price change.

Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $454.50 million for 2011 vs. $286.56 million for 2010. The bottom line has rising earnings year-over-year of $72.57 million for 2011 vs. $0.96 million for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $78.76 million for 2011 vs. $30.92 million for 2010.

Revenue growth is at an annual rate of 58.61%.

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

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 119.05 M $ 122.37 M $ 3.32 M 2.79%
Jan-11 $ 113.76 M $ 116.27 M $ 2.51 M 2.21%
Oct-10 $ 122.12 M $ 123.12 M $ 1.00 M 0.82%
Jul-10 $ 110.93 M $ 113.23 M $ 2.30 M 2.07%
Apr-10 $ 94.46 M $ 101.88 M $ 7.42 M 7.86%
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M = millions, B = billions

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

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Apr-11 0.43 0.45 0.02 4.65%
Jan-11 0.41 0.47 0.06 14.63%
Oct-10 0.46 0.48 0.02 4.35%
Jul-10 0.39 0.42 0.03 7.69%
Apr-10 0.28 0.35 0.07 25%
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(Some onetime items are often excluded in reported EPS)

Hanwha Solarone Ltd. (HSOL) is due to report earnings before the opening bell on Wednesday, August 24.

Overview

HSOL trades an average of 820 thousand shares per day, and has a market cap of $373.30 million.

Hanwha SolarOne provides various energy solutions including silicon ingots, wafers, monocrystalline and polycrystalline solar cells, and solar modules. The company was founded in 2004 and is based in Qidong, China.

Recent Price: $3.77

52 Week High: $13.48

52 Week Low: $3.50

Book Value: $9.99

On average, analysts are expecting $0.11 per share, a drop of $-0.12 in earnings per share compared to last quarter's results of $0.23. Investors will be looking to see a number north of $0.18 per share, based on the earnings estimates. In the last month, the stock has decreased in price -16.82 %, in the last quarter, it has returned -9.47%, with a one year change of -58.68%.

Comparing to the S&P 500 price changes, the price performances are -7.63% vs. the S&P 500 from a month ago, -47.18% vs. the S&P 500 from six months ago, and the year to date difference is -42.62% vs. the S&P 500 price change.

Annually, revenue is growing at a rate of -99.79%.

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

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 317.58 M $ 335.18 M $ 17.60 M 5.54%
Dec-10 $ 311.45 M $ 320.11 M $ 8.66 M 2.78%
Sep-10 $ 287.26 M $ 326.70 M $ 39.44 M 13.73%
Jun-10 $ 212.80 M $ 258.45 M $ 45.65 M 21.45%
Mar-10 $ 191.70 M $ 216.21 M $ 24.51 M 12.79%
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M = millions, B = billions

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

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.29 0.23 -0.06 -20.69%
Dec-10 0.45 0.27 -0.18 -40%
Sep-10 0.49 -0.06 -0.55 NA%
Jun-10 0.25 0.53 0.28 112%
Mar-10 0.18 0.35 0.17 94.44%
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(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.