Broadridge Financial Solutions, Inc. Third Quarter Earnings Sneak Peek

Broadridge Financial Solutions, Inc. (NYSE:BR) will unveil its latest earnings on Tuesday, May 8, 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 analyst estimate is for profit of 27 cents per share, a rise of 8% from the company’s actual earnings for the year-ago quarter. 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. For the year, analysts are projecting net income of $1.59 per share, a rise of 16.1% from last year.

Past Earnings Performance: Last quarter, the company saw profit of 12 cents per share versus a mean estimate of net income of 12 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts predict a rise of 7% in revenue from the year-earlier quarter to $563.8 million.

Analyst Ratings: Analysts are optimistic about this stock, with four 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 fell 34.6% to $6.8 million (5 cents a share) from $10.4 million (8 cents a share) the year earlier, meeting analyst expectations. Revenue rose 8.6% to $479.8 million from $441.9 million.

Key Stats:

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 19.3% in the third quarter of the last fiscal year, 10.6% in the fourth quarter of the last fiscal year and 25.6% in the first quarter before declining in the second quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 7.4% in the third quarter of the last fiscal year, 3.3% in the fourth quarter of the last fiscal year and 13.2% in the first quarter before increasing again in the second quarter.

Stock Price Performance: Between February 6, 2012 and May 2, 2012, the stock price fell $1.27 (-5.2%), from $24.30 to $23.03. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 24, 2011, when shares rose for eight straight days, increasing 6.6% (+$1.42) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight days, dropping 6.1% (-$1.42) over that span.

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

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