Emulex Corp Third Quarter Earnings Sneak Peek

Emulex Corp (NYSE:ELX) will unveil its latest earnings on Wednesday, April 25, 2012. Emulex is the provider of a broad range of network convergence solutions that intelligently connect servers, storage, and networks within the data center.

Emulex Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 10 cents per share, a rise of fivefold from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 7 cents. Between one and three months ago, the average estimate moved up. It has dropped from 11 cents during the last month. Analysts are projecting profit to rise by 433.3% compared to last year’s 48 cents.

Past Earnings Performance: Last quarter, the company reported profit of 20 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 10% in revenue from the year-earlier quarter to $123.3 million.

Analyst Ratings: With four analysts rate analysts rating the stock a buy, two rate rating it as a sell, and five rate rating it a hold, analysts are bullish on the stock.

A Look Back: In the second quarter, the company swung to a profit of $15 million (17 cents a share) from a loss of $39.8 million (46 cents) a year earlier, beating analyst estimates. Revenue rose 12.9% to $128.7 million from $114 million.

Key Stats:

Revenue has increased in each of the past four quarters. Revenue rose 14.8% in the first quarter from the year earlier, climbed 19.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 9.7% in the third quarter of the last fiscal year.

Following three quarters of loss, Emulex reported a profit last quarter. The company reported a loss of $7.2 million in the first quarter, a loss of $16 million in the fourth of the last fiscal year and a loss of $18.6 million in the third quarter of the last fiscal year.

Stock Price Performance: Between March 21, 2012 and April 19, 2012, the stock price dropped 92 cents (-8.7%), from $10.54 to $9.62. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011, when shares rose for eight straight days, increasing 9.3% (+76 cents) over that span. It saw one of its worst periods between March 26, 2012 and April 10, 2012 when shares fell for 11 straight days, dropping 13.6% (-$1.46) over that span.

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

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