OmniVision Technologies, Inc. (OVTI) plans to release its financial results for the second quarter of fiscal year 2014 on Tuesday, December 03, 2013, shortly after the market closes. The Company plans to host a conference call to review the results and management's outlook for future periods at 5 p.m. (ET) that day.
Wall Street anticipates that the tech company will earn $0.43 per share for the quarter. iStock expects OVTI to beat Wall Street's consensus number. The iEstimate is $0.47; although, more could be possible.
OmniVision engages in designing, developing, and marketing semiconductor image-sensor devices worldwide. It offers CameraChip image sensors, which are single-chip solutions that integrate various functions, such as image capture, image processing, color processing, signal conversion, and output of a processed image or video stream for use in various consumer and commercial mass-market applications; and CameraCube imaging devices that are image sensors with integrated wafer-level optics.
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In addition, it designs and develops software drivers for Linux, Mac OSX, and Microsoft Windows, as well as for embedded operating systems, such as Android, Blackberry OS, Symbian, Windows CE, Windows Embedded, and Windows Mobile.
The specialized semiconductor company has a strong record of outperforming Wall Street's expectations. Management has put more on the bottom line than analysts projected 13 of the last 16 quarter. The range of bullish surprises was $0.01 to $0.25.
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Meanwhile, Omni missed the consensus mark twice, both by $0.04. And, for those keeping track, that leaves one result that hit the street's bull's-eye.
While EPS surprises are heavily tilted to the positive side, OVTI's earnings-driven price-performance has split the last 16 quarters with eight green and eight red reactions. The sto! ck averaged a gain of 9.2% in the three-days surrounding the "good" profit announcements and lost -9.07% for the "bad" announcements.
Fortunately, the November checkup has a little better track-record in the last four-years with the OVTI gaining 0.70%, 4.50%, and 6.6% with one loss of 9.10%.
iStock believes OmniVision is well positioned to make the most of the quarter bases on our review of the company's financial statements according to the most recent 10-Q.
Inventory fell, both as a percentage of sales and in real terms while costs of goods (COGS) sold plus total operating costs fell as a percentage of revenue; however, COGS did increase at 47.73% versus revenue growth of 44.80%. It's not an alarming difference, but means the company has to cut back on investments like selling & marketing and research & development to keep costs in-line.
Overall: The iEstimate and OmniVision Technologies, Inc.'s (OVTI) second quarter history suggests OVTI is a reasonable earnings trade candidate.
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