Earnings Preview: OmniVision Technologies Reports Results Tuesday

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 |  About: OmniVision Technologies, Inc. (OVTI)
by: Robert Weinstein

OmniVision Technologies, Inc. (NASDAQ:OVTI) is anticipated to report earnings after the closing bell on November 29, 2011.

OmniVision Technologies, Inc. engages in designing, developing, and marketing semiconductor image-sensor devices worldwide. The company was founded in 1995 and is headquartered in Santa Clara, California. OVTI trades an average of 3.2 million shares per day.

52-Week High: $37.04
52-Week Low: $10.83
Book Value: $13.67
Float Short: 11.17%

On average, analysts are expecting a drop of $-0.51 in earnings per share compared to last quarter's results of $0.76. A beat of $0.25 per share, will top the estimated per share earnings. Analyst estimates range between $0.16 and $0.50 per share.

In the last month, the stock has decreased in price -32.40%, with a change from a year ago of -61.62%. When comparing to the S&P 500, the year-to-date difference is -59.43%.

The company has rising revenue year-over-year of $956.48 million for 2011 vs. $602.99 million for 2010. The bottom line has rising earnings year-over-year of $124.48 million for 2011 vs. $6.72 million for 2010. The company's earnings before interest and taxes are rising, with an EBIT year-over-year of $125.91 million for 2011 vs. $6.49 million for 2010.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for OVTI Click to enlarge

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

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jul-11 $ 276.62 M $ 276.07 M $ -0.55 M -0.2%
Apr-11 $ 254.91 M $ 258.27 M $ 3.36 M 1.32%
Jan-11 $ 242.18 M $ 265.68 M $ 23.50 M 9.7%
Oct-10 $ 232.60 M $ 239.46 M $ 6.86 M 2.95%
Jul-10 $ 204.09 M $ 193.07 M $ -11.02 M -5.4%
Click to enlarge

M = millions, B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results OVTI Click to enlarge

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

The total short interest number of shares for OVTI:

paid2trade.com short interest tool. The total short interest number of shares for OVTI Click to enlarge

The number of days to cover short interest based on average daily trading volume for OVTI:

paid2trade.com number of days to cover short interest based on average daily trading volume for OVTI Click to enlarge

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