Emulex Corp Fourth Quarter Earnings Sneak Peek

Emulex Corp (NYSE:ELX) will unveil its latest earnings on Thursday, August 11, 2011. Emulex Corporation 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 net income of one cent per share, a decline of 90.9% 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 2 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at one cent during the last month. For the year, analysts are projecting profit of 2 cents per share, a decline of 95.5% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by one cent in the second quarter, the company fell in line with expecations by reporting net income of 2 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $119.8 million in revenue this quarter, a rise of 16.2% from the year ago quarter. Analysts are forecasting total revenue of $448.9 million for the year, a rise of 12.5% from last year’s revenue of $399.1 million.

Analyst Ratings: Analysts seem relatively indifferent about Emulex with eight of 13 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 9.7% to $112.1 million in third quarter. The figure rose 5.3% in the second quarter from the year earlier, climbed 20.5% in the first quarter from the year-ago quarter and 30.1% in the fourth 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 May 11, 2011 to August 5, 2011, the stock price had fallen $2.40 (-24.5%) from $9.80 to $7.40. 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 $4.26 (-36.5%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

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