InvenSense ( INVN ) will report its 1Q15 earnings after the closing bell, at approximately 4:05pm on Tuesday, July 29th. The conference call is scheduled for 4:30pm that day, and will be webcast via the company's investor relations web page. Consensus is for earnings of 8 cents per share, as per light guidance given by management in the prior quarterly report. InvenSense has missed EPS estimates the last two quarters, but I expect a beat this time around. Nonetheless, readers who follow my comments on the company already know that I am quite skeptical about further appreciation for INVN shares following earnings. This article will summarize my reasoning and provide evidence for it. Recent History & Market Dynamics I first wrote about InvenSense over a year ago, when shares were at $10.71. Since then, I've correctly predicted: Of course, the last two points are related as errant analyst predictions resulted in over-buying. Last quarter's disappointment also apparently caused an over-crowded short trade.