Inside Brightpoint, Inc.’s Upcoming Second Quarter Earnings Release

Brightpoint, Inc. (NASDAQ:CELL) will unveil its latest earnings on Thursday, July 28, 2011. Brightpoint, Inc. is engaged in providing supply chain solutions to the wireless industry. Motorola Mobility Holdings, Inc. Second Quarter Earnings Sneak Peek>>

Brightpoint, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 15 cents per share, a rise of 7.1% 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 16 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 15 cents during the last month. For the year, analysts are projecting net income of 82 cents per share, a rise of 7.9% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 15 cents per share versus a mean estimate of net income of 16 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.1 billion in revenue this quarter, a rise of 39.5% from the year ago quarter. Analysts are forecasting total revenue of $4.6 billion for the year, a rise of 28.1% from last year’s revenue of $3.59 billion.

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

Key Stats:

Revenue has risen the past four quarters. Revenue increased 40.2% to $1.11 billion in first quarter. The figure rose 23.7% in the fourth quarter of the last fiscal year from the year earlier, climbed 2.4% in the third quarter of the last fiscal year from the year-ago quarter and 9% in the second quarter of the last fiscal year.

Competitors to Watch: TESSCO Technologies, Inc. (NASDAQ:TESS), InfoSonics Corporation (NASDAQ:IFON), Ingram Micro Inc. (NYSE:IM), Arrow Electronics, Inc. (NYSE:ARW), Avnet, Inc. (NYSE:AVT), ADDvantage Tech. Group, Inc. (NASDAQ:AEY), Motorola Mobility Hldgs. Inc (NYSE:MMI), Tech Data Corporation (NASDAQ:TECD), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), and SYNNEX Corporation (NYSE:SNX).

Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had fallen $1.80 (-17.3%) from $10.40 to $8.60. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven-straight days, rising 22.2% (+$1.67) over that span. It saw one of its worst periods between August 2, 2010 and August 16, 2010 when shares fell for 11-straight days, falling 17.5% (-$1.39) over that span. Shares are down 13 cents (-1.5%) year to date.

(Source: Xignite Financials)

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