Amphenol Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Amphenol Corp (NYSE:APH) will unveil its latest earnings on Wednesday, July 20, 2011. Amphenol Corporation designs and makes electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable.

Amphenol Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 77 cents per share, a rise of 13.2% 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 was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $3.09 per share, a rise of 14.4% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of 72 cents per share against a mean estimate of net income of 71 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $995.2 million in revenue this quarter, a rise of 12.5% from the year ago quarter. Analysts are forecasting total revenue of $3.99 billion for the year, a rise of 12.4% from last year’s revenue of $3.55 billion.

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

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 27.2%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 32.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 30.1% while it rose 49.6% in the fourth quarter of the last fiscal year and 69.6% in the third quarter of the last fiscal year.

Competitors to Watch: Molex Incorporated (NASDAQ:MOLX), RF Industries, Ltd. (NASDAQ:RFIL), TE Connectivity Ltd. (NYSE:TEL), Thomas & Betts Corporation (NYSE:TNB), Methode Electronics Inc. (NYSE:MEI), Optical Cable Corporation (NASDAQ:OCCF), Spectrum Control, Inc. (NASDAQ:SPEC), CommScope, Inc. (NYSE:CTV), AVX Corporation (NYSE:AVX), and Belden Inc. (NYSE:BDC).

Stock Price Performance: During May 17, 2011 to July 14, 2011, the stock price had fallen $4.19 (-7.7%) from $54.58 to $50.39. The stock price saw one of its best stretches over the last year between July 16, 2010 and July 26, 2010 when shares rose for seven-straight days, rising 11.4% (+$4.69) over that span. It saw one of its worst periods between February 11, 2011 and February 23, 2011 when shares fell for eight-straight days, falling 3.6% (-$2.08) over that span. Shares are down $2.36 (-4.5%) year to date.

(Source: Xignite Financials)

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