Integrated Device Technology Inc. (NASDAQ:IDTI) will issue first quarter 2015 financial results on July 28, 2014 after 1:00 p.m. Pacific time. The financial results webcast will begin at 1:30 p.m.
Wall Street anticipates that the semiconductor maker will earn $0.16 per share for the quarter, which is $0.11 more than last year's profit of $0.05 per share. iStock expects Integrated Device to top Wall Street's consensus number, the iEstimate is $0.17.
Revenue, like earnings per share (EPS), is expected to increase, moving forward by 5.9% year-over-year (YoY). The consensus revenue estimate for Q1 is $124.97 million versus last year's $117.98 million.
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IDT develops a broad range of low-power, high-performance mixed-signal semiconductor solutions that optimize our customers' applications in key markets. In addition to its market-leading timing products, IDT offers semiconductors targeting communications infrastructure – both wired and wireless – high-performance computing and power management.
These products are used for next-generation development in areas such as 4G infrastructure, network communications, cloud datacenters and power management for computing and mobile devices.
IDTI has a solid track record of earning more per-share than Wall Street's consensus forecast. Actual results were better than the street's outlook 12 of the last 18 quarterly checkups.
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Typically, Integrated Device Technology's EPS were $0.02 above expectations with a range of $0.01 to $0.04 more than expected, which means results tend to hug the consensus.
Frequently, investors bid up shares of IDTI in the days surrounding bullish surprises. The stock moved higher an average of 6.93% for 75% of the better than expected results. The smallest move up was 1.98% with a max gain of 13.92%.
If sales match the current consensus, it will be an uptick in the semi's growth rate as the top line increased by just 0.07% in 2013, according to the most recent annual report. Any growth should be a real positive for EPS as the cost of sales plus total operating expenses fell by -7.73% last year.
Lower costs + higher sales = more earnings per share thanks to fatter margins.
Overall: The iEstimate, a beneficial cost versus growth relationship, and Integrated Device Technology Inc. (NASDAQ:IDTI) point to a bullish surprise Monday afternoon, which has usually made shareholders a little richer.
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