Emulex Corp First Quarter Earnings Sneak Peek

Emulex Corp (NYSE:ELX) will unveil its latest earnings on Thursday, October 27, 2011. Emulex is the provider of a broad range of network convergence solutions that intelligently connect servers, storage, and networks within the data center.

Emulex Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 4 cents per share, a rise of twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 4 cents during the last month. Analysts are projecting profit to rise by 211.1% versus last year to 28 cents.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of 7 cents per share against a mean estimate of profit of one cent. The company fell in line with estimates in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $115.6 million in revenue this quarter, a rise of 12.1% from the year ago quarter. Analysts are forecasting total revenue of $482.8 million for the year, a rise of 6.7% from last year’s revenue of $452.5 million.

Analyst Ratings: The stock has a mean recommendation of hold.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss widened to a loss of a $16 million (18 cents a share) from a loss of $2.5 million (3 cents) a year earlier, but beat analyst expectations. Revenue rose 19.6% to $123.4 million from $103.1 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 9.7% in the third quarter of the last fiscal year from the year earlier, climbed 5.3% in the second quarter of the last fiscal year from the year-ago quarter and 20.5% in the first quarter of the last fiscal year.

Competitors to Watch: Brocade Communications Systems, Inc. (NASDAQ:BRCD), QLogic Corporation (NASDAQ:QLGC), LSI Corporation (NYSE:LSI), Hewlett-Packard Company (NYSE:HPQ), EMC Corporation (NYSE:EMC), Intel Corporation (NASDAQ:INTC), Dell Inc. (NASDAQ:DELL), Oracle Corporation (NASDAQ:ORCL), Cisco Systems, Inc. (NASDAQ:CSCO), and Intl. Business Machines Corp. (NYSE:IBM).

Stock Price Performance: During July 28, 2011 to October 21, 2011, the stock price had fallen $2.13 (-24.2%) from $8.80 to $6.67. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight-straight days, rising 9.3% (+76 cents) over that span. It saw one of its worst periods between June 2, 2011 and June 13, 2011 when shares fell for eight-straight days, falling 9.3% (-85 cents) over that span. Shares are down $4.99 (-42.8%) year to date.

(Source: Xignite Financials)

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