(SPIL) - beat analysts' earnings expectations for five straight quarters by an average margin of 23.9%

Siliconware Precision Industries Co., Ltd. (SPIL) topped analysts' earnings expectations for the past five quarters by an average margin of 23.9%. Profits and revenues for the second quarter and first six months of 2006 were solid. This Zacks #1 Rank stock has a price-to-book ratio of 2.5, compared to 5.2 for the market. SPIL has a PEG ratio of 0.44 and is currently yielding 4.1%. Full Analysis Siliconware Precision Industries Co., Ltd., based in Taiwan, offers semiconductor packaging and testing services to the semiconductor industry for applications in communications, computing, consumer, automotive and industrial end markets. SPIL beat analysts' earnings expectations for five straight quarters by an average margin of 23.9%. During this period of time, double-digit earnings surprises were achieved on four occasions. On Jul 26, the company posted second-quarter profits of 20 cents per share, which beat the Street's estimate by a solid 25.4%. Compared to the prior-year period, earnings skyrocketed 150.0%. Revenues came in at NT$ 13,640 million (US$ 425 million), up 1.5% sequentially from NT$ 13,439 million (US $417 million) and up 50.9% year over year. SPIL is expected to release its third-quarter results on Oct 24. For the first six months of the year, SPIL reported revenues of NT$ 27,080 million, up 59.1% compared to the first six months of 2005. Profits ballooned to NT$ 6,316 million, compared with NT$ 2,488 million achieved in the prior-year period. SPIL increased revenues, expanded gross margins and grew profits for the past three years. Growing cash flows from operating activities have enabled SPIL to pay a cash dividend of NT$ 1.66. The company is currently yielding 4.1%. SPIL is currently trading at a valuation of 8.8x trailing 12-month earnings and at 8.9x current fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 17.1x trailing 12-month earnings and at 16.1x its current fiscal-year estimated earnings. The company has a price-to-book ratio of 2.5, compared to 5.2 for the market. Earnings per share are forecasted to grow 20% over the next 3-5 years. The industry is projected to grow at an 18% clip. Taking SPIL's expected growth rate into account, its PEG ratio currently resides at 0.44. The company has a return on equity of 31%, compared to the industry average of negative 18%. 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 Tags: SPIL, Siliconware Precision Industries, Stock-market, Stocks, Investing, Stock Trading, Business, Finance, Trading, Investing Newsletter, Stock Picks, earnings, analysts, analysts estimates