美信四季度财报会有啥猛料

美信公司将在7月23号公布其2015财年第四季度财报。上一季度，该公司交出一份高达14.29%的业绩增长成绩单，来看看这次的发布又有哪些可能性。

需考虑的因素

美信在2015财年第三季度财报中给出的收益数据超出了此前的预期，但总收入却没达标。其高收益主要来自于低于预期的运营成本。

Maxim Integrated Products, Inc. (MXIM - Analyst Report) is set to report fourth-quarter fiscal 2015 results on Jul 23. Last quarter, it posted a 14.29% positive surprise. Let’s see how things are shaping up for this announcement.

Factors to Consider
Maxim delivered mixed fiscal third quarter 2015 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. Higher earnings were primarily attributable to lower-than-expected operating expenses.

Revenues, though down 4.7% year over year, were within management’s guidance range and up 1.8% sequentially. The sequential increase in revenues was primarily due to strong demand for communications and automotive products.

Of late, Maxim has been developing technology based on advanced process nodes in collaboration with its foundry partners. New products from this initiative could help it expand margins.

It is also taking steps to restructure operations by discontinuation of investment in its MEMS and touch lines of business. The company expects to complete the sale of its touch business in the current quarter. The company’s steps to streamline costs will help it increase its profitability and therefore, drive margins.

For the fourth quarter, Maxim expects revenues in the range of $570–$610 million based on a quarter-end backlog of $387.0 million. Gross margin s expected in the 53%–56% range on a GAAP basis and within 58%–61% on an adjusted basis (excluding special items). Earnings per share are expected within 24–30 cents on a GAAP basis and 35–41 cents on an adjusted basis.

Earnings Whispers?
Our proven model does not conclusively show that Maxim will beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. That is not the case here as you will see below.
Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate stand at 39 cents. Therefore, the Earnings ESP for the stock is 0.00%.

Zacks Rank: Maxim carries a Zacks Rank #4 (Sell). We caution against stocks with Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.