5 Highly Anticipated Tech Earnings Reports on the Horizon

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Apple, Inc. (NASDAQ:AAPL) will unveil its latest earnings on Tuesday, April 24, 2012. The average analyst estimate is for net income of $9.86 per share, a rise of 54.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $7.97. Between one and three months ago, the average estimate moved up. It has risen from $9.60 during the last month. For the year, analysts are projecting profit of $44.05 per share, a rise of 59.1% from last year.

Last quarter, the company came in at net income of $13.87 per share against a mean estimate of profit of $10.07 per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by 26 cents. Analysts are projecting a rise of 47.9% in revenue from the year-earlier quarter to $36.49 billion.

AT&T, Inc. (NYSE:T) will unveil its latest earnings on Tuesday, April 24, 2012. The average analyst estimate is for net income of 57 cents per share, no change from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 59 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 58 cents during the last month. For the year, analysts are projecting profit of $2.33 per share, a rise of 5.9% from last year.

The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 42 cents per share versus a mean estimate of 43 cents. Two quarters ago, it reported profit of 61 cents per share. Analysts predict a rise of 1.9% in revenue from the year-earlier quarter to $31.85 billion.

Baidu.com, Inc. (NASDAQ:BIDU) will unveil its latest earnings on Tuesday, April 24, 2012. The average analyst estimate is for profit of 84 cents per share, a rise of 78.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 83 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 84 cents during the last month. For the year, analysts are projecting net income of $4.63 per share, a rise of 53.3% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting profit of 93 cents per share against a mean estimate of net income of 89 cents per share. On average, analysts predict $677.5 million in revenue this quarter, a rise of 82.1% from the year-ago quarter. Analysts are forecasting total revenue of $3.57 billion for the year, a rise of 59.4% from last year’s revenue of $2.24 billion.

Juniper Networks, Inc. (NYSE:JNPR) will unveil its latest earnings on Tuesday, April 24, 2012. The average estimate of analysts is for profit of 7 cents per share, a decline of 72% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 21 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 7 cents during the last month. Analysts are projecting profit to rise by 21.8% versus last year to 68 cents.

Last quarter, the company showed net income of 21 cents per share in the fourth quarter of the last fiscal year to fall in line with expectations, the company beat estimates by one cent in the third quarter of the last fiscal year. This comes after the company failed to meet analysts’ expectations in the previous two. Analysts are projecting a decline of 11.1% in revenue from the year-earlier quarter to $977.9 million.

Lexmark International, Inc. (NYSE:LXK) will unveil its latest earnings on Tuesday, April 24, 2012. The average analyst estimate is for net income of $1.05 per share, a decline of 7.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.08. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.05 during the last month. For the year, analysts are projecting profit of $4.54 per share, a decline of 3.6% from last year.

Last quarter, the company came in at net income of $1.25 per share against a mean estimate of profit of $1.15 per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by 7 cents. Analysts predict a decline of 4.2% in revenue from the year-earlier quarter to $986.4 million.

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