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It's Showtime for Spansion

Wednesday - 1/9/2013, 9:47am  ET

Spansion is expected to report Q4 earnings around Jan. 13. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Spansion's revenues will grow 6.5% and EPS will shrink -400.0%.

The average estimate for revenue is $234.4 million. On the bottom line, the average EPS estimate is $0.36.

Revenue details
Last quarter, Spansion notched revenue of $239.7 million. GAAP reported sales were 7.1% lower than the prior-year quarter's $258.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.36. GAAP EPS of $0.08 for Q3 were 33% lower than the prior-year quarter's $0.12 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 32.7%, 420 basis points better than the prior-year quarter. Operating margin was 6.6%, 240 basis points worse than the prior-year quarter. Net margin was 2.1%, 70 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $926.3 million. The average EPS estimate is $1.01.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 23 members out of 25 rating the stock outperform, and two members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Spansion a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spansion is outperform, with an average price target of $15.17.

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This article was originally published as It's Showtime for Spansionon Fool.com

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