Comtech Telecomm. Corp. has topped Wall Street expectations for the last five quarters, and it will try to keep that streak alive as it reports the latest earnings on Thursday.
Continue Reading Below
Analysts currently expect Comtech Telecomm to come in with earnings of 24 cents per share on revenues of $97.8 million. Analyst estimates range from 21 cents per share to 27 cents per share. Over the past three months, the average estimate has moved down from 28 cents.
Last Quarter's Results
In the second quarter, profit fell 63.8% to $5.8 million (27 cents a share) from $16.1 million (52 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 39.1% to $99.1 million from $162.8 million.
Analysts think investors should stand pat on Comtech Telecomm with six of seven analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Recently, the stock price has been rising Since May 23, 2012 business days the stock has risen 35 cents per share.
Company Fundamental Trends
Reporting Period: 3Q
Date of Release: Thursday, June 7, 2012
EPS: 24 cents
Revenue Estimate: $97.8 million