Intersil Corp. (ISIL) estimates are climbing following the company’s impressive earnings news.
Company Description
Intersil Corp. makes analog and mixed signal semiconductors. Their components can be found in flat panel displays, cell phones and notebooks.
Earnings Set to Double
The Zacks Consensus Estimate for 2010 is now 92 cents, up from 67 cents 3 months ago. This level is more than double the 45 cents earned in 2009.
Estimates for 2010 are up 26 cents, to $1.08, in that time span. The growth rate for 2011 is 18%.
Beat the Street
The aforementioned revisions came on Intersil’s Jan 27 earnings news. Revenues for the fourth quarter rose 36% on a year-over-year basis, to $178 million.
Net income came in at $22.4 million, up from more than a billion dollar loss last year and better than last quarter’s $12.3 million. The EPS of 18 cents was 2 cents higher than expected for Intersil’s sixth consecutive surprise.
Shares of ISIL are trading under 17 times forward earnings. Growth rates are coming at a fair price with a PEG ratio of 1.0 times.
The Chart
Inersil said that 2009 was a recovery year and the consensus trends show just that. After bottoming out in early 2009, estimates are steadily climbing and taking shares with them.
Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service Zacks Investment Research
