Eastman Kodak Company Second Quarter Earnings Sneak Peek

Eastman Kodak Company (NASDAQ:EK) will unveil its latest earnings on Tuesday, July 26, 2011. Eastman Kodak Company deals in image capture and output devices, consumables and systems and solutions for consumer, business, and commercial printing applications.

Eastman Kodak Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 59 cents per share, a wider loss from the year earlier quarter net loss of 51 cents. During the past three months, the average estimate has moved down from a loss of 31 cents. Between one and three months ago, the average estimate moved down and dropped from a loss of 58 cents during the last month.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 53 cents as a result of reporting net loss of $1.13 against an estimate of a loss of 60 cents per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by 36 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.54 billion in revenue this quarter, a decline of 1.9% from the year ago quarter. Analysts are forecasting total revenue of $6.39 billion for the year, a decline of 11.1% from last year’s revenue of $7.19 billion.

Analyst Ratings: Analysts are bearish on Eastman Kodak Company as two analysts rate it as a sell, none rate it as a buy and two rate it as a hold.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 31.6% to $1.32 billion in first quarter. The figure fell 25.4% in the fourth quarter of the last fiscal year from the year earlier, dropped 1.3% in third quarter of the last fiscal year from the year-ago quarter and 11.2% in the second quarter of the last fiscal year.

Competitors to Watch: Xerox Corporation (NYSE:XRX), Canon Inc. (NYSE:CAJ), Hewlett-Packard (NYSE:HPQ), Dell (NASDAQ:DELL), Panasonic Corp. (NYSE:PC), Audiovox Corporation (NASDAQ:VOXX), Sony Corporation (NYSE:SNE), and Apple Inc. (NASDAQ:AAPL).

Stock Price Performance: During May 23, 2011 to July 20, 2011, the stock price had fallen $1.30 (-35.7%) from $3.64 to $2.34. The stock price saw one of its best stretches over the last year between May 11, 2011 and May 20, 2011 when shares rose for eight-straight days, rising 31.2% (+88 cents) over that span. It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six-straight days, falling 12.2% (-41 cents) over that span. Shares are down $3.02 (-56.3%) year to date.

(Source: Xignite Financials)

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