Symantec 1Q Earnings Pregame Scorecard

FOXBusiness

Having hit Wall Street expectations last quarter, Symantec (NASDAQ:SYMC) is scheduled to report again on Wednesday.

Expectations

Continue Reading Below

Analysts currently expect Symantec to come in with earnings of 33 cents per share on revenues of $1.65 billion. Estimates from analysts range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 38 cents.

Stock Movement

The stock price has been falling recently The share price has fallen $1.03 since June 29, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $4.49 (-24.8%), from $18.07 to $13.58.

Company Fundamental Trends The company will look to keep the its run of success flowing with earnings announcement, after experiencing income increases the last three quarters. Net income rose 33.8% in the second quarter of the last fiscal year and 81.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year. On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 15.4% in the first quarter of the last fiscal year, 13.6% in the second quarter of the last fiscal year and 6.9% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Ratings

Analysts are bullish on the stock as 14 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the fourth quarter of the last fiscal year, profit rose more than threefold to $559 million (75 cents a share) from $168 million (22 cents a share) the year earlier, meeting analyst expectations. Revenue rose 0.5% to $1.68 billion from $1.67 billion.

Summary

Reporting Period: 1Q

Date of Release: Wednesday, July 25, 2012

EPS: 33 cents

Revenue Estimate: $1.65 billion

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