Comtech Telecomm. Corp. First Quarter Earnings Sneak Peek

Comtech Telecomm. Corp. (NASDAQ:CMTL) will unveil its latest earnings on Thursday, December 8, 2011. Comtech Telecommunications designs, develops, produces, and markets innovative products, systems, and services for advanced communications solutions.

Comtech Telecomm. Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 30 cents per share, a decline of 44.4% 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 22 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 30 cents during the last month. For the year, analysts are projecting net income of $1.24 per share, a decline of 36.7% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 42 cents per share versus a mean estimate of net income of 36 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $93.5 million in revenue this quarter, a decline of 47.5% from the year ago quarter. Analysts are forecasting total revenue of $406.3 million for the year, a decline of 33.7% from last year’s revenue of $612.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Comtech Telecomm with five of seven analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 11.7% to $11.9 million (43 cents a share) from $13.5 million (43 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 45.4% to $140.3 million from $257 million.

Key Stats:

The company has seen net income fall in each of the last three quarters. Net income fell 34.6% in the third quarter of the last fiscal year and 1.5% in the second quarter of the last fiscal year.

Revenue has fallen for the past three quarters. Revenue fell 39.4% in third quarter of the last fiscal year from the year earlier and 4.9% in the second quarter of the last fiscal year.

Competitors to Watch: ViaSat, Inc. (NASDAQ:VSAT), Globecomm Systems, Inc. (NASDAQ:GCOM), EMS Technologies, Inc. (NASDAQ:ELMG), Harris Corporation (NYSE:HRS), General Dynamics Corp. (NYSE:GD), CalAmp Corp. (NASDAQ:CAMP), PHAZAR CORP. (NASDAQ:ANTP), Motorola Solutions Inc (NYSE:MSI), KVH Industries, Inc. (NASDAQ:KVHI), and Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC).

Stock Price Performance: During September 8, 2011 to December 2, 2011, the stock price had risen $2.70 (9.8%) from $27.65 to $30.35. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 12, 2011 when shares rose for eight-straight days, rising 19.1% (+$5.14) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 16.3% (-$5.70) over that span. Shares are up $3.55 (+13.2%) year to date.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.