Analysts were expecting SRS Labs Inc. (SRSL) [Chart - News - Analysis] to report earnings of $0.02 for last quarter, but SRSL beat expectations with actual earnings of $0.10---8 cents above the consensus estimate. SRSL also issued earnings guidance for next quarter that is above current analyst expectations.

If you compare last quarter's earnings to the $-0.02 the company made per share during the same quarter a year ago, you can see that SRSL’s earnings are up this year.

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Also, if you compare SRSL's 15.00% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 13.80% for the Semiconductor Equipment & Materials industry as a whole during that same time frame, you can see that analysts expect SRSL to outperform the industry in the future---which is a good sign for the stock.

Drilling down a little deeper into the Semiconductor Equipment & Materials industry, you can see how analysts believe SRSL will stack up against some of the other stocks in the industry, like Lam Research Corporation (LRCX) [Chart - News - Analysis] and Advanced Semiconductor Engineering Inc. (ASX) [Chart - News - Analysis], in the future. Analysts believe LRCX's earnings are going to grow at a rate of 11.67% while ASX's earnings are going to grow at a rate of 20.00%.

Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.

- Earnings Season is Here - Find Out How to Trade It

- Using Options to Trade Earnings

- Understanding Stock Analyst Research and Recommendations

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