Earnings Preview: FSI International Reports Results June 19

Jun.11.12 | About: FSI International, (FSII)

Company Profile

FSI International, Inc. (NASDAQ:FSII) designs, manufactures, markets, and supports equipment used in the fabrication of microelectronics. FSI manufactures, markets and supports surface conditioning equipment that uses wet, cryogenic and other chemistry techniques to clean, strip or etch the surfaces of silicon wafers and supplies refurbished microlithography products, which are used to deposit and develop light sensitive films.

FSI International is scheduled to report its third quarter earnings results on June 19, 2012, after market close.

Technical Overview

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FSI International has a market cap of $132.85 million and it is currently trading around $3.39 with a 52 week range of $1.70 to $5.44. The stock has -7.38% price performance for the year 2012. The following table provides the key financial ratios for FSI International:

Key Ratio Value
Current Ratio 4.34
P/E 19.94
Forward P/E 4.99
Profit Margin 6.14%
Return On Assets (ROA) 5.80%
Return On Equity (ROE) 7.20%
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Recent News and Analyst Ratings

  • On April 20, 2012, FSI International announced that several leading device producers, including a new fab, have placed orders for ANTARES CryoKinetic Cleaning Systems. Chip providers currently use the system for various back-end-of-line ("BEOL") particle removal processes and front-end-of-line ("FEOL") advanced node applications as they continue their quest to improve yields. The systems are expected to ship in fiscal 2012.
  • On March 21, 2012, Needham & Company reiterated a BUY rating on FSI International and raised the price target from $6.00 to $7.50.

Analyst Guidance and Earnings History

The third quarter revenues are expected to be $50.40 million when compared to $25.60 million for the same quarter last year. Earnings per share for the third quarter are expected to be 21 cents a share, up from 10 cents a share in the year-ago period.

The average price target from analyst for FSI International is $7.50 with average rating is BUY

Out of the last 4 quarters, FSI International has met or exceeded the EPS estimates only 2 times. The following chart shows the Analyst estimates history and the actual EPS results:

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The following chart shows the annual summary of Sales and Net income for FSI International:

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Sources: Some of the data is taken from Google Finance, Yahoo Finance, Nasdaq, Finviz and investor sites.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in FSII over the next 72 hours. I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to investors to make the correct decision after necessary research.