S&P 500 (NYSE:SPY) component Motorola Solutions (NYSE:MSI) will unveil its latest earnings tomorrow, Wednesday, January 23, 2013. Motorola Solutions provides technologies, products, and services, including wireless handsets, digital entertainment devices, wireless accessories, set-top boxes, and video distribution systems.
Motorola Solutions Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 92 cents per share, a rise of 17.9% 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 93 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 92 cents during the last month. Analysts are projecting profit to rise by 21.6% compared to last year’s $2.76.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported profit of 72 cents per share against a mean estimate of net income of 61 cents per share. In the second quarter, it missed forecasts by 2 cents.
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A Look Back: In the third quarter, profit rose 60.9% to $206 million (72 cents a share) from $128 million (38 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 2.3% to $2.15 billion from $2.1 billion.
Here’s how Motorola Solutions traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: