Broadridge Financial Solutions First Quarter Earnings Sneak Peek

Broadridge Financial Solutions, Inc. (NYSE:BR) will unveil its latest earnings on Tuesday, November 6, 2012. Broadridge Financial Solutions is a global provider of investor communication, securities processing, and clearing and outsourcing solutions to the financial services industry.

Broadridge Financial Solutions, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 16 cents per share, a rise of 6.7% 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 18 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 16 cents during the last month. Analysts are projecting profit to rise by 10.3% versus last year to $1.71.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 2 cents, reporting profit of $1 per share against a mean estimate of net income of 98 cents. In the third quarter of the last fiscal year, the company exceeded forecasts by one cent with profit of 28 cents versus a mean estimate of net income of 27 cents.

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A Look Back: In the fourth quarter of the last fiscal year, profit fell 28.2% to $83.4 million (65 cents a share) from $116.2 million (90 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 2.9% to $798.4 million from $776.1 million.

Stock Price Performance: Between August 7, 2012 and October 31, 2012, the stock price rose $1.78 (8.4%), from $21.17 to $22.95. The stock price saw one of its best stretches over the last year between August 2, 2012 and August 21, 2012, when shares rose for 14 straight days, increasing 16.6% (+$3.38) over that span. It saw one of its worst periods between May 1, 2012 and May 14, 2012 when shares fell for 10 straight days, dropping 9.7% (-$2.27) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 2.4% in revenue from the year-earlier quarter to $487.8 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 13.2% in the first quarter of the last fiscal year, 8.6% in the second quarter of the last fiscal year and 3.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

The company is trying to use this earnings announcement to rebound from profit declines in the last three quarters. Net income fell 34.6% in the second quarter of the last fiscal year, by 43.8% in the third quarter of the last fiscal year and again in the fourth quarter of the last fiscal year.

Analyst Ratings: With three analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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