S&P 500 (NYSE:SPY) component JDS Uniphase Corp (NASDAQ:JDSU) will unveil its latest earnings on Wednesday, February 1, 2012. JDS Uniphase provides communications test and measurement solutions and optical products for cable operators, telecommunications service providers and network equipment manufacturers.

JDS Uniphase Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 4 cents per share, a decline of 84% from the company’s actual earnings for the same quarter a year ago. Analysts are projecting profit to rise by 31.5% versus last year to 50 cents.

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Wall St. Revenue Expectations: On average, analysts predict $390.9 million in revenue this quarter, a decline of 18.1% from the year ago quarter. Analysts are forecasting total revenue of $1.68 billion for the year, a decline of 6.7% from last year’s revenue of $1.8 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the first quarter, the company swung to a loss of $5.8 million (3 cents a share) from a profit of $100,000 (0 cents) a year earlier. Revenue rose 3.8% to $420.8 million from $405.2 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 20.7% in the fourth quarter of the last fiscal year from the year earlier, climbed 36.6% in the third quarter of the last fiscal year from the year-ago quarter and 38.1% in the second quarter of the last fiscal year.

JDS Uniphase’s loss in the latest quarter followed profits in the previous three quarters. The company reported a profit of $9.3 million in the fourth quarter of the last fiscal year, a profit of $38.6 million in the third of the last fiscal year and a profit of $23.6 million in the second quarter of the last fiscal year.

Competitors to Watch: EXFO Electro-Optical Engineering (NASDAQ:EXFO), Finisar Corporation (NASDAQ:FNSR), Ixia (NASDAQ:XXIA), Oclaro, Inc. (NASDAQ:OCLR), Tollgrade Communications, Inc. (NASDAQ:TLGD), Oplink Communications, Inc (NASDAQ:OPLK), Ciena Corporation (NASDAQ:CIEN), Agilent Technologies Inc. (NYSE:A), and RiT Technologies Ltd. (NASDAQ:RITT).

Stock Price Performance: During November 28, 2011 to January 26, 2012, the stock price had risen $3.22 (31.4%) from $10.25 to $13.47. The stock price saw one of its best stretches over the last year between January 27, 2011 and February 4, 2011 when shares rose for seven-straight days, rising 35.9% (+$6.01) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 20.1% (-$2.40) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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