EMC Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component EMC Corp (NYSE:EMC) will unveil its latest earnings on Tuesday, January 24, 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 estimate of analysts is for profit of 40 cents per share, a rise of 11.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of $1.22 per share, a rise of 17.3% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 31 cents per share against an estimate of net income of. The company also topped expectations in the second quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 12.3% in revenue from the year-earlier quarter to $5.49 billion.

Analyst Ratings: Analysts are bullish on this stock with 28 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit rose 28.2% to $605.6 million (27 cents a share) from $472.5 million (22 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 18.2% to $4.98 billion from $4.21 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.1%, with the biggest boost coming in the second quarter when revenue rose 20.4% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 28.2% in the second quarter and 28% in the first quarter.

Competitors to Watch: NetApp Inc. (NASDAQ:NTAP), Dot Hill Systems Corp. (NASDAQ:HILL), Western Digital Corp. (NYSE:WDC), Quantum Corporation (NYSE:QTM), Overland Storage, Inc. (NASDAQ:OVRL), Hewlett-Packard Company (NYSE:HPQ), Xyratex Ltd. (NASDAQ:XRTX), ADPT Corporation (ADPT), Intl. Business Machines Corp. (NYSE:IBM), and Brocade Communications Systems, Inc. (NASDAQ:BRCD).

Stock Price Performance: During October 20, 2011 to January 18, 2012, the stock price had fallen $1.11 (-4.7%) from $23.81 to $22.70. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 10, 2011 when shares rose for 10-straight days, rising 11.1% (+$2.71) 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 10.9% (-$2.67) over that span.

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

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