JDS Uniphase Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component JDS Uniphase Corp (NASDAQ:JDSU) will unveil its latest earnings on Wednesday, May 2, 2012. JDS Uniphase provides communications test and measurement solutions and optical products for cable operators, telecommunications service providers and network equipment manufacturers.

JDS Uniphase Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 7 cents per share, a decline of 58.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 13 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 7 cents during the last month. For the year, analysts are projecting net income of 47 cents per share, a decline of 35.6% from last year.

Past Earnings Performance: The company beat estimates last quarter by reporting profit of 6 cents per share against a mean estimate of net income of 4 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 7.5% in revenue from the year-earlier quarter to $420 million.

Analyst Ratings: Analysts are bullish on this stock, with nine analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, the company swung to a loss of $10.2 million (4 cents a share) from a profit of $23.6 million (10 cents) a year earlier, but beat analyst expectations. Revenue fell 12.8% to $412.8 million from $473.5 million.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 36.6% in the third quarter of the last fiscal year, 20.7% in the fourth quarter of the last fiscal year and 3.8%in the first quarter before dropping in the second quarter.

Stock Price Performance: Between March 28, 2012 and April 26, 2012, the stock price dropped $2.37 (-16.2%), from $14.59 to $12.22. 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 November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 20.1% (-$2.40) over that span.

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

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