VeriSign Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 48 cents per share, a rise of 37.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 47 cents during the last month. Analysts are projecting profit to rise by 36.2% versus last year to $1.73.
Past Earnings Performance: Last quarter, the company reported profit of 46 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.
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Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.95 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations.
A Look Back: In the third quarter, profit rose 32.2% to $77.9 million (47 cents a share) from $58.9 million (36 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13.5% to $223.5 million from $197 million.
Here’s how VeriSign traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: