LSI 2Q Earnings Pregame Scorecard

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Last quarter LSI (NYSE:LSI) topped estimates by 8 cents per share, and it is scheduled to report again on Wednesday.

Expectations

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Analysts currently expect LSI to come in with earnings of 13 cents per share on revenues of $643.8 million. Estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved up from 12 cents.

Stock Movement

The stock price has been falling recently The share price has fallen 42 cents since June 29, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $2.08 (-25.9%), from $8.03 to $5.95.

Company Fundamental Trends On the heels last quarter's revenue increase, the company is focused on getting back on track after snapping a string of quarters spend in the red. Before climbing in the first quarter, revenue had decreased 21.7% in the second quarter of the last fiscal year, 13% in the third quarter of the last fiscal year and 21.3% in the fourth quarter of the last fiscal year.

Stock Ratings

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

Last Quarter's Results

In the first quarter, profit rose more than sevenfold to $75.2 million (13 cents a share) from $10.2 million (2 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 31.5% to $622.4 million from $473.3 million.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012

EPS: 13 cents

Revenue Estimate: $643.8 million

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