Brightpoint Inc. Third Quarter Earnings Sneak Peek

Brightpoint, Inc. (NASDAQ:CELL) will unveil its latest earnings on Thursday, October 27, 2011. Brightpoint is engaged in providing supply chain solutions to the wireless industry.

Brightpoint, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 21 cents per share, a rise of 5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 20 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 21 cents during the last month. Analysts are projecting profit to rise by 9.2% versus last year to 83 cents.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 20 cents per share against a mean estimate of net income of 15 cents per share. In the first quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $1.27 billion in revenue this quarter, a rise of 42.9% from the year ago quarter. Analysts are forecasting total revenue of $4.97 billion for the year, a rise of 38.4% from last year’s revenue of $3.59 billion.

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

A Look Back: In the second quarter, profit rose more than threefold to $10.7 million (16 cents a share) from $3 million (4 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 56.6% to $1.23 billion from $788.6 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 40.2% in the first quarter from the year earlier, climbed 23.7% in the fourth quarter of the last fiscal year from the year-ago quarter and 2.4% in the third quarter of the last fiscal year.

The company has seen net income rise in two straight quarters. In the first quarter, profit rose more than sixfold.

Competitors to Watch: TESSCO Technologies, Inc. (NASDAQ:TESS), InfoSonics Corporation (NASDAQ:IFON), Ingram Micro Inc. (NYSE:IM), Arrow Electronics, Inc. (NYSE:ARW), Avnet, Inc. (NYSE:AVT), ADDvantage Tech. Group, Inc. (NASDAQ:AEY), Motorola Mobility Hldgs. Inc (NYSE:MMI), Tech Data Corporation (NASDAQ:TECD), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), and SYNNEX Corporation (NYSE:SNX).

Stock Price Performance: During July 28, 2011 to October 21, 2011, the stock price had risen $2.32 (29.1%) from $7.98 to $10.30. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 20, 2011 when shares rose for eight-straight days, rising 9.3% (+83 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 17.1% (-$1.55) over that span. Shares are up $1.57 (+18%) year to date.

(Source: Xignite Financials)

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