ADTRAN 2Q Earnings Pregame Scorecard

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Last quarter ADTRAN, Inc. topped estimates by 2 cents per share, and it is scheduled to report again on Wednesday.

Expectations

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Analysts currently expect ADTRAN to come in with earnings of 36 cents per share on revenues of $190.3 million. Analyst estimates range from 32 cents per share to 39 cents per share. Over the past three months, the average estimate has moved down from 44 cents.

Last Quarter's Results

In the first quarter, profit fell 62.2% to $13 million (20 cents a share) from $34.3 million (52 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 18.6% to $134.7 million from $165.5 million.

Stock Ratings

Analysts think investors should stand pat on ADTRAN with seven of 14 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock fell $2.04 per share between May 9, 2012 and May 18, 2012. Looking at change over the last three months, from April 9, 2012 and July 3, 2012, the stock price is up 74 cents (2.6%), from $28.78 to $29.52.

Company Fundamental Trends While last quarter's drop snapped a string of revenue increases, the company will look to right itself during the upcoming earnings period. Revenue rose 22.5% in the second quarter of the last fiscal year, 17.9% in the third quarter of the last fiscal year and 6%in the fourth quarter of the last fiscal year before dropping in the first quarter. The company will look to use this earnings announcement to rebound after suffering income drops the past two quarters. Net income fell 13.3% during the fourth quarter of the last fiscal year and yet again in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 11, 2012

EPS: 36 cents

Revenue Estimate: $190.3 million