JDS Uniphase Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component JDS Uniphase Corporation (NASDAQ:JDSU) will unveil its latest earnings on Tuesday, August 14, 2012. JDS Uniphase provides communications test and measurement solutions and optical products for cable operators, telecommunications service providers and network equipment manufacturers.

JDS Uniphase Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 9 cents per share, a decline of 43.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 47.9% compared to last year’s 38 cents.

Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at net income of 5 cents per share against a mean estimate of profit of 7 cents. The company topped expectations in the second quarter.

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A Look Back: In the third quarter, the company swung to a loss of $17.4 million (8 cents a share) from a profit of $38.6 million (16 cents) a year earlier, missing analyst expectations. Revenue fell 9.9% to $409.2 million from $454 million.

Stock Price Performance: From July 11, 2012 to August 8, 2012, the stock price rose $1.22 (13%), from $9.37 to $10.59. The stock price saw one of its best stretches over the last year between February 2, 2012 and February 13, 2012, when shares rose for eight straight days, increasing 15.5% (+$1.89) over that span. It saw one of its worst periods between May 1, 2012 and May 18, 2012 when shares fell for 14 straight days, dropping 19.7% (-$2.42) over that span.

Wall St. Revenue Expectations: Analysts are projecting a decline of 10.3% in revenue from the year-earlier quarter to $423.5 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 12.8% in the second quarter and dropped again in the third quarter.

Analyst Ratings: There are eight out of 11 analysts surveyed (72.7%) rating JDS Uniphase a buy.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.49 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.

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

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