(DIOD) - Four analysts have raised their estimates for this year, while three have bumped their numbers for next year

Diodes is no stranger to exceeding earnings estimates. It has done so in six of the past eight quarters. Four analysts have raised their estimates for this year, while three have bumped their numbers for next year. Over the past 60 days, this year's estimates have increased 4.3%, while next year's have jumped 7%. Full Analysis Diodes Incorporated (DIOD) engages in the design, manufacture, and marketing of discrete and analog semiconductor products worldwide focusing on various end user applications in the consumer electronics, computing, industrial, communications, and automotive sectors. Its products include discrete semiconductor products, including performance Schottky rectifiers; performance Schottky diodes; Zener diodes and performance Zener diodes, such as tight tolerance and low operating current types; and standard, fast, super-fast and ultra-fast recovery rectifiers. The company offers its products primarily to original equipment manufacturers, electronic manufacturing services, and distributors through a combination of direct sales and marketing personnel, independent sales representatives, and distributors. DIOD exceeded earnings estimates when it reported its second quarter. Income for the quarter was $11.4 million, or 41 cents per share, up from $7.7 million, or 31 cents per share, last year. Analysts expected 39 cents per share. Quarterly revenue was $82.7 million, up from $50.6 million last year. Looking forward, the company projected third-quarter sales will increase 4 percent to 7 percent sequentially, with "comparable" gross margins, implying revenue of $86 million to $87.5 million. Analysts expect the company to report $85.7 million in third quarter revenue. Commenting on the quarter, Dr. Keh-Shew Lu, President and CEO of Diodes Incorporated, said: "During the second quarter, Diodes' revenues and net income achieved new record highs, as we continued our long-term trend of significant year-over-year growth. Innovative new products like our new PowerDI(TM)323 platform are helping to drive customer demand and improve our margins. We are also very pleased with customer acceptance of our standard analog products, and expect to see continued margin expansion as we internalize a higher percentage of these products." Diodes is no stranger to exceeding earnings estimates. It has done so in six of the past eight quarters. Four analysts have raised their estimates for this year, while three have bumped their numbers for next year. Over the past 60 days, this year's estimates have increased 4.3%, while next year's have jumped 7%. The stock is attractively valued at 17.9x next year's estimate of $1.98 per share, slightly below the company's projected long-term growth rate of 18.25%, giving the stock a PEG ratio of 0.98. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home