EMC Earnings Preview: Analysts Expect Higher EPS, Revenue
EMC (NYSE: EMC) announces its next round of earnings this Tuesday, October 18, 2011. Here is Benzinga's everything-that-matters guide for this Tuesday's third quarter earnings announcement.
Earnings and Revenue:
Analysts are looking ahead to a positive EPS of 30 cents/share and revenues of $4.92 billion. EMC's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 25 cents/share on revenues of $4.21 billion. We'll have to wait for Tuesday to see if EMC falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.27 | $0.25 | $0.35 | $0.24 |
| EPS Actual | $0.29 | $0.24 | $0.36 | $0.25 |
Stock Performance:
As of October 12, 2011, EMC's current share price was $22.85. Shares are down 0.2% year to date. For a full 12 months, the return has risen by 7.7%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for EMC is a Moderate Buy. Over the past three months this rating's strength has declined slightly.
Competitors:
Wondering how EMC compares to rivals in the same sector? Here are a few of the company's peers.
- Brocade Communications Systems (NASDAQ: BRCD): Hold with a $0.05 recent quarter EPS
- Dot Hill Systems (NASDAQ: HILL): Hold with a -$0.02 recent quarter EPS
- Hewlett-Packard Company (NYSE: HPQ): Hold with a $1.10 recent quarter EPS
EMC is in the computer-storage development industry, which has experienced price/earnings contraction of 0.3%.
Finally, a description of the company's main areas of operation: EMC and its subsidiaries deliver and support a range of information infrastructure technologies and solutions.
Take Action:
Now that you've gotten an advanced peak at EMC's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
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