Finisar Fourth Quarter Earnings Sneak Peek

Finisar Corp (NASDAQ:FNSR) will unveil its latest earnings on Monday, June 11, 2012. Finisar is a provider of optical subsystems and components that connect short-distance local area networks, or LANs, and storage area networks, or SANs, and longer distance metropolitan area networks, or MANs and wide area networks, or WANs.

Finisar Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 16 cents per share, a decline of 42.9% 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. Analysts are projecting profit to rise by 5.9% versus last year to 64 cents.

Past Earnings Performance: The company fell in line with estimates last quarter after missing in the prior quarter. After falling short of the mean estimate by one cent in the second quarter, the company fell in line with expectations by reporting profit of 17 cents last quarter.

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Wall St. Revenue Expectations: Analysts predict a rise of 2.4% in revenue from the year-earlier quarter to $242.6 million.

Analyst Ratings: Analysts are high on the stock, with five analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit fell 52.7% to $8.9 million (9 cents a share) from $18.8 million (22 cents a share) the year earlier, meeting analyst expectations. Revenue fell 7.6% to $243 million from $263 million.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 25.7% in the fourth quarter of the last fiscal year, 9.8% in the first quarter and 0.2%in the second quarter before dropping in the third quarter.

An income boost this time around would be welcome news after profit drops in the past three quarters. Net income fell 47% in the first quarter, by 82.5% in the second quarter and again in the third quarter.

Stock Price Performance: Between March 9, 2012 and June 5, 2012, the stock price fell $5.51 (-29%), from $18.97 to $13.46. The stock price saw one of its best stretches over the last year between February 10, 2012 and February 17, 2012, when shares rose for six straight days, increasing 6.5% (+$1.43) over that span. It saw one of its worst periods between November 16, 2011 and November 25, 2011 when shares fell for seven straight days, dropping 17.5% (-$3.55) over that span.

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

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