InterDigital, Inc. (IDCC) Earnings Announcement On the Horizon, What to Expect
You may want to mark March 2nd and 3rd on your calendar if you are a current owner of InterDigital, Inc. (IDCC). The company will be releasing their 4th quarter (and full year) earnings then. And, based on what we see so far, they should be pretty good.
Analysts are looking for 16 cents per share for the quarter, which would translate into 65 cents for the year (i.e. the company has already earned 49 cents year-to-date). At that number, the P/E would be about 45.8. Not great, but bear in mind 2008 was a sub-par year. Those same analysts are looking for $1.96 next year, which would mean a P/E of 15.19. I think the truth/reality is somewhere in the middle.
By the way, InterDigital has topped estimates in the last three quarters. Don’t be shocked if we get a little upside surprise.
About earnings, the SEC filing will be made after the close of trading on March 2nd, so we’ll have the numbers then. The conference call will not take place until March 3rd at 10:00 am EST.
To participate in the call by phone, dial (888) 802-2225 within the U.S. or (913) 312-1254 from outside the U.S. Dial by 9:50 a.m. EST, and ask the operator for the InterDigital Financial Call. The call will start at 10:00 a.m. Eastern Standard Time. There will also be a webcast version. To listen to the webcast, go to www.interdigital.com and click on the “Live Webcast” link on the homepage.
A replay of the conference call will be available on the web for 30 days following the call, Just go to InterDigital’s web site and look in the Investor Relations section. A telephone replay will also be available from 1:00 p.m. EST March 3 through 1:00 p.m. EST March 8. To access that recorded replay, call (888) 203-1112 or (719) 457-0820 and use the replay passcode 4640007.
As far as the IDCC trade is concerned, I think we’re still doing pretty well here. We took our expected lumps, and found support where we needed to take ‘em….right around not one, but two, key Fibonacci retracement lines. At the same time we saw support kick in around a moving average line that’s been exceedingly meaningful (for all charts) over the last few weeks - the 50 day line.
I think this is a case where the chart will be a little predictive of earnings. As long as all those support lines continue to hold up heading into March 2nd, I think the ultimate outcome will be a positive one. No guarantees obviously…just high odds.

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