CommVault Systems, Inc. Second Quarter Earnings Sneak Peek

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CommVault Systems, Inc. (NASDAQ:CVLT) will unveil its latest earnings on Tuesday, October 30, 2012. CommVault Systems is a provider of data and information management software applications and related services. It develops, markets, and sells a unified suite of data and information management software applications under the Simpana brand.

CommVault Systems, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 21 cents per share, a rise of 23.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 20 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 21 cents during the last month. Analysts are projecting profit to rise by 32.4% compared to last year’s 90 cents.

Past Earnings Performance: Last quarter, the company beat estimates by 6 cents, coming in at net income of 21 cents per share against an estimate of profit of. The company also topped expectations in the fourth quarter of the last fiscal year.

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A Look Back: In the first quarter, profit rose 43.8% to $10.1 million (21 cents a share) from $7 million (15 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 21.6% to $111.3 million from $91.5 million.

Wall St. Revenue Expectations: Analysts are projecting a rise of 18.6% in revenue from the year-earlier quarter to $115.6 million.

Stock Price Performance: Between July 31, 2012 and October 24, 2012, the stock price rose $6.98 (14.4%), from $48.52 to $55.50. The stock price saw one of its best stretches over the last year between September 5, 2012 and September 14, 2012, when shares rose for eight straight days, increasing 12% (+$6.25) over that span. It saw one of its worst periods between July 3, 2012 and July 11, 2012 when shares fell for six straight days, dropping 21.5% (-$10.72) over that span.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 25.6% over the last four quarters.

The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of 48% for the last four quarters.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.56 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Analyst Ratings: There are mostly holds on the stock with six of 11 analysts surveyed giving that rating.

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

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