Amphenol Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Amphenol Corp (NYSE:APH) will unveil its latest earnings on Wednesday, October 19, 2011. Amphenol designs and produces 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 net income of 78 cents per share, a rise of 6.8% 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. It also has not changed during the last month. Analysts are projecting profit to rise by 13.7% versus last year to $3.07.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at profit of 79 cents a share versus the estimate of net income of 77 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.5% in revenue from the year-earlier quarter to $1.01 billion.

Analyst Ratings: six out of nine analysts surveyed (66.7%) have a buy rating on Amphenol.. This is below the mean analyst rating of 10 competitors, which average 70.3% buy ratings.

A Look Back: In the second quarter, profit rose 13.9% to $147.8 million (85 cents a share) from $129.7 million (74 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15% to $1.02 billion from $884.8 million.

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 23.7%, 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 seen net income rise in three straight quarters. Net income rose 30.1% in the first quarter and 49.6% in the fourth 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 July 20, 2011 to October 13, 2011, the stock price had fallen $6.90 (-13.8%) from $50.13 to $43.23. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 7.9% (+$4.03) 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 $9.50 (-18%) year to date.

(Source: Xignite Financials)

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