Eastman Kodak Company Third Quarter Earnings Sneak Peek

Eastman Kodak Company (NYSE:EK) will unveil its latest earnings on Thursday, November 3, 2011. Eastman Kodak 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 41 cents per share, a wider loss from the year earlier quarter net loss of 2 cents. During the past three months, the average estimate has moved down from a loss of 27 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 41 cents during the last month.

Past Earnings Performance: The company showed net loss of 62 cents per share versus a mean estimate of a loss of last quarter. This marks the fourth month of falling short of estimates.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 6.3% in revenue from the year-earlier quarter to $1.65 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.

A Look Back: In the second quarter, the company’s loss widened to a loss of a $179 million (67 cents a share) from a loss of $168 million (63 cents) a year earlier, missing analyst expectations. Revenue fell 5.4% to $1.49 billion from $1.57 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 31.6% in the first quarter from the year earlier, dropped 25.4% in fourth quarter of the last fiscal year from the year-ago quarter and 1.3% in the third 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 September 1, 2011 to October 28, 2011, the stock price had fallen $1.94 (-61.2%) from $3.17 to $1.23. It saw one of its worst periods between September 14, 2011 and September 22, 2011 when shares fell for seven-straight days, falling 18.1% (-52 cents) over that span. 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. Shares are down $4.13 (-77.1%) year to date.

(Source: Xignite Financials)

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