PMC-Sierra, Inc. (PMCS) is expected to report earnings for last fiscal quarter after the closing bell on February 6, 2012. PMC-Sierra, Inc. designs, develops, markets, and supports Internet infrastructure semiconductor solutions. The company was founded in 1983 and is headquartered in Sunnyvale, California.
52 Week High: $8.47
52 Week Low: $4.91
Book Value: $4.66
Float Short: 2.41%
On average, 6 analysts are expecting a drop of $-0.08 in earnings per share compared to last quarter's results of $0.18. The estimated mean earnings are $0.10 per share. Analyst estimates range between $0.08 and $0.11 per share.
PMC recently broke through the 200 day moving average and continues to struggle to move beyond. Rarely do companies make it through on the first attempt (either down or up), so this is not all that bearish. The continuous testing of the average is bullish, in my opinion and will continue to be unless it remains below. It took three times to make it beyond the 60 day moving average and a look at the chart from about two weeks ago demonstrates a clear change in direction.
The stock has moved higher in price 18.15% in the last month, and moving in price -16.22% from one year ago.
With a double digit gain compared to stocks in general, the stock shares did very well as compared to the overall stock market. When comparing to the S&P 500, the year up to date change is 13.16%.
For the same fiscal period year-over-year, revenue has improved to $635.08 million for 2010 vs. $496.14 million for 2009. The bottom line has rising earnings year-over-year of $83.16 million for 2010 vs. $46.88 million for 2009.The company's earnings before interest and taxes are rising, with an EBIT year-over-year of $108.65 million for 2010 vs. $56.55 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins in the earnings release to make sure that the bottom line is keeping up with the top line.
Veeco Instruments Inc. (VECO) is anticipated to report earnings after the closing bell on February 6, 2012. Veeco Instruments Inc. designs, manufactures, and markets equipment to make high-brightness light emitting diodes, solar panels, hard-disk drives, and other devices. The company was founded in 1945 and is headquartered in Plainview, New York.
52 Week High: $57.67
52 Week Low: $20.35
Book Value: $18.99
Float Short: 23.62%
On average, 7 analysts are expecting a drop of $-0.65 in earnings per share compared to last quarter's results of $1.33. Wall Street is expecting $0.68 per share, based on earnings estimates.
2011 may have been tough on investors of Veeco, but 2011 was so yesterday. With such a strong rise with the overall market in general in 2012 so far, a strong base has been put in. Earnings tend to be more or less a crap shoot, with some large beats and misses. With the 60 and 90 day moving averages bottoming out, you may want to hang on longer if your currently underwater (like many 2011 investors likely are).
The stock has moved higher in price 16.59% in the last month, with a one year change of -43.92%.
The stock is performing extremely well when compared to the general stock market up to this point. When comparing to the S&P 500, the year up to date positive change is 11.67%.
For the same fiscal period year-over-year, revenue has improved to $933.23 million for 2010 vs. $282.41 million for 2009. The bottom line has rising earnings year-over-year of $361.76 million for 2010 vs. $-15.57 million for 2009.The company's earnings before interest and taxes are rising, with an EBIT year-over-year of $277.58 million for 2010 vs. $-4.73 million for 2009. Rising revenue along with rising earnings is a very good sign, and what we want to see with our companies. Be sure to check the margins in the earnings release to make sure that the bottom line is keeping up with the top line.
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, 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.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.