China Security & Surveillance Tech., Inc. Second Quarter Earnings Sneak Peek

China Security & Surveillance Tech., Inc. (NASDAQ:CSR) will unveil its latest earnings on Monday, July 25, 2011. China Security & Surveillance Technology Inc is in business of installing, manufacturing and distribution of surveillance & safety systems, which integrates development, manufacturing, marketing, & maintenance of digital video surveillance.

China Security & Surveillance Tech., Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 22 cents per share, a decline of 4.3% 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 25 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 22 cents during the last month. For the year, analysts are projecting profit of 94 cents per share, a decline of 2.1% from last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting net income of 2 cents per share against an estimate of profit of 11 cents per share. The quarter before that, it missed forecasts by 9 cents.

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Wall St. Revenue Expectations: On average, analysts predict $191 million in revenue this quarter, a rise of 13.5% from the year ago quarter. Analysts are forecasting total revenue of $798 million for the year, a rise of 16.6% from last year’s revenue of $684.7 million.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 17.6% in the first quarter and rose 17.1%in the fourth quarter of the last fiscal year, 14% in the third quarter of the last fiscal year and 18.6% in the second quarter of the last fiscal year.

The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 48.8% in the first quarter from the year earlier, while the figure rose 11.4% in the fourth quarter of the last fiscal year, 23.9% in the third quarter of the last fiscal year and more than twofold in the second quarter of the last fiscal year.

Competitors to Watch: Mace Security Intl., Inc. (MACE), Magal Security Systems Ltd. (NASDAQ:MAGS), Napco Security Systems (NASDAQ:NSSC), Vicon Industries, Inc. (AMEX:VII), Tyco International Ltd. (NYSE:TYC), Checkpoint Systems, Inc. (NYSE:CKP), and Axcess International, Inc. (AXSI).

Stock Price Performance: During June 20, 2011 to July 19, 2011, the stock price had risen 76 cents (16.3%) from $4.65 to $5.41. It saw one of its worst periods between June 2, 2011 and June 9, 2011 when shares fell for six-straight days, falling 5.8% (-27 cents) over that span. The stock price saw one of its best stretches over the last year between November 1, 2010 and November 8, 2010 when shares rose for six-straight days, rising 10.7% (+57 cents) over that span. Shares are up 8 cents (+1.5%) year to date.

(Source: Xignite Financials)

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