EMC Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component EMC Corp (NYSE:EMC) will unveil its latest earnings on Thursday, April 19, 2012. EMC and its subsidiaries deliver and support a range of information infrastructure technologies and solutions.

EMC Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 29 cents per share, a rise of 20.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 28 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 14.4% versus last year to $1.43.

Past Earnings Performance: Last quarter, the company reported net income of 42 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts predict a rise of 11.1% in revenue from the year-earlier quarter to $5.12 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 24 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 32.4% to $832 million (38 cents a share) from $628.6 million (29 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 14% to $5.57 billion from $4.89 billion.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 17.8% over the last four quarters.

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 28.2% in the second quarter of the last fiscal year and 28.2% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

Stock Price Performance: Between January 18, 2012 and April 13, 2012, the stock price rose $6.17 (27.2%), from $22.70 to $28.87. The stock price saw one of its best stretches over the last year between January 17, 2012 and January 25, 2012, when shares rose for seven straight days, increasing 15.6% (+$3.47) 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, dropping 10.9% (-$2.67) over that span.

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

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