Earnings Preview: Exar, Fortune Brands, Ingram Micro, Las Vegas Sands

Earnings Preview: Exar, Fortune Brands, Ingram Micro, Las Vegas Sands

Earnings season continues with the following five companies due to report tomorrow. Here is a short preview of what analysts are expecting from each of these varied companies and industries.

Earnings Preview: Exar, Fortune Brands, Ingram Micro, Las Vegas Sands

Earnings Preview

Exar Corporation (EXAR)

Exar Corporation (NASDAQ:EXAR), a fabless semiconductor company, engages in the design, development, and marketing of high performance analog and mixed-signal integrated circuits (ICs), and sub-system solutions for data and telecommunications, networking and storage, industrial control, and consumer applications. This will be the last time that Exar reports earnings before switching its listing to the NYSE. The company has been  nearing its 52 week high recently but is trading down over a full percentage point this afternoon.

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Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Exar Corporation (NASDAQ:EXAR)’s revenues will increase 9.7% and EPS will grow 166.7%. Analysts are calling for earnings per share of $0.08 for the quarter compared to $0.03 in the corresponding quarter last year. Earnings per share are expected at $0.46 for the fiscal year up significantly from the year prior when Exar posted earnings of $0.28.

Revenue is expected to reach $32.1 million for the quarter compared to sales of 30.1 million in the year-over-year quarter. For the year, sales are expected to rise to $133.33 million over 13% higher than the year prior when the company saw sales of $122.03 million. Earnings expectations are down from $0.10 ninety days ago.

Fortune Brands Home & Security Inc (FBHS)

Fortune Brands Home & Security Inc (NYSE:FBHS) provides home and security products for use in residential home repair, remodeling, new construction, and security and storage applications. The company operates in four segments: Kitchen and Bath Cabinetry, Plumbing and Accessories, Advanced Material Windows and Door Systems, and Security and Storage. If the housing recovery continues expect good things from Fortune.

Analysts are looking to Fortune Brands Home & Security Inc (NYSE:FBHS) to report earnings of $0.39 per share up considerably from the year-over-year earnings of $0.29 per share. For the fiscal year analysts anticipate earnings of $1.36 compared to earnings of $0.89 the year prior.

Revenue is expected to come up considerably with sales of $1.04 billion compared to  year over year quarterly revenue of just over $935 million, a gain of 11 percent. For the year analysts are looking for sales of $4.01 billion up double-digits from the year prior when the company saw sales of $3.59 billion.

Ingram Micro Inc. (IM)

Ingram Micro Inc. (NYSE:IM) distributes information technology (IT) products; and provides supply chain solutions, mobile device lifecycle services, and logistics solutions worldwide. While Ingram has some serious cash flow problems, analysts still feel good about Ingram seeing an uptick in earnings tomorrow.

Analyst’s expect Ingram Micro Inc. (NYSE:IM) to report earnings of $0.46 for the quarter compared to year-over-year earnings of $0.39. For the fiscal year look for Ingram to report earnings of $2.16 up from $1.95 the year prior.

For the quarter, revenue is expected to arrive at $10.44 billion up nearly 20% from the year-over-year quarter of 8.78 billion. For the fiscal year sales are expected to reach $43.39 billion up 14.7 percent from the year prior when sales came in at $37.83 billion.

Las Vegas Sands Corp. (LVS)

Las Vegas Sands Corp. (NYSE:LVS) develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao and Sands Cotai Central in Macau, the People?s Republic of China. It also owns and operates the Marina Bay Sands in Singapore; The Venetian Resort Hotel Casino, the Palazzo Resort Hotel Casino, and the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania.

Las Vegas Sands Corp. (NYSE:LVS)’s Macau properties and success continues to impress analysts going into tomorrow.

Analysts are looking for quarterly earnings of $0.68 up considerably from year-over-year earnings of $0.44 per share. On the year, earnings are expected to come in at $2.85 up sharply from earnings of $2.14 per share the year prior.

Revenue for the quarter is anticipated at $3.3 billion up 27.80% from the year-over-year quarter that saw sales of just a touch over $2.5 billion. For the fiscal year, Las Vegas Sands Corp. (NYSE:LVS) is expected to see sales of $13.47 billion up 21% from the fiscal year before when the company had sales of $11.13 billion..

Mellanox Technologies, Ltd. (MLNX)

Mellanox Technologies, Ltd. (NASDAQ:MLNX), a fabless semiconductor company, produces and supplies semiconductor interconnect products for computing, storage, and communications applications in the high-performance computing, Web 2.0, storage, financial services, database, cloud, and embedded markets.

Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Mellanox Technologies, Ltd. (NASDAQ:MLNX)’s revenues will drop -28.6% and EPS will shrink -80.8%. For the year, earnings are expected at $1.33 down tremendously from earnings of $3.60 for the fiscal year prior.

The average estimate for revenue for the quarter is $95.3 million compared to the year-over-year quarter when sales came in at $133.47% a decline of over 28%. For the fiscal year, Mellanox Technologies, Ltd. (NASDAQ:MLNX)’s fortunes aren’t expected to improve, with analysts expecting them to post revenues of $419.53 million down 16% from the year before when revenue was a touch over a half a billion dollars.

Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
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