Having missed analysts' estimates last quarter, SanDisk (SNDK) gets a chance to make up for it as it delivers its latest earnings on Thursday, July 19, 2012.

Expectations

Analysts currently expect SanDisk to come in with earnings of 19 cents per share on revenues of $1.01 billion. Analyst estimates range from 10 cents per share to 37 cents per share. Over the past three months, the average estimate has moved down from 78 cents.

Last Quarter's Results

In the first quarter, profit fell 49% to $114.4 million (46 cents a share) from $224.1 million (92 cents a share) the year earlier, missing analyst expectations. Revenue fell 6.8% to $1.21 billion from $1.29 billion.

Stock Ratings

Analysts are bullish on the stock as 15 analysts rate it as a buy and only one analyst rate it as a sell. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock fell $4.27 per share between May 14, 2012 and May 18, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $7.34 (-18%), from $40.76 to $33.42.

Company Fundamental Trends
While last quarter's drop snapped a string of revenue increases, the company will look to right itself during the upcoming earnings period. Revenue rose 16.6% in the second quarter of the last fiscal year, 14.8% in the third quarter of the last fiscal year and 18.8%in the fourth quarter of the last fiscal year before dropping in the first quarter. Net income has dropped by an average of 30.6% for the last four quarters during the run in to this earnings announcement.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012

EPS: 19 cents

Revenue Estimate: $1.01 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)