Inside Molex, Inc.’s Upcoming Quarterly Earnings Release

S&P 500 (NYSE:SPY) component Molex, Inc. (NASDAQ:MOLX) will unveil its latest earnings on Tuesday, October 25, 2011. Molex manufactures electronic components, including switches, integrated products, and electrical and fiber optic interconnection products and systems.

Molex, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 42 cents per share, a decline of 6.7% 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 49 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 42 cents during the last month. Analysts are projecting profit to rise by 1.7% versus last year to $1.75.

Past Earnings Performance: The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported profit of 44 cents per share against an estimate of net income of 46 cents per share. The quarter before that, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $898.5 million in revenue this quarter, a rise of 0.1% from the year ago quarter. Analysts are forecasting total revenue of $3.66 billion for the year, a rise of 1.9% from last year’s revenue of $3.59 billion.

Analyst Ratings: Analysts are bullish on Molex as five analysts rate it as a buy, one rates it as a sell and five rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 70.2% to $77.3 million (44 cents a share) from $45.4 million (26 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 7.8% to $913.7 million from $847.3 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 15.6% in the third quarter of the last fiscal year from the year earlier, climbed 23.6% in the second quarter of the last fiscal year from the year-ago quarter and 33.2% in the first quarter of the last fiscal year.

Competitors to Watch: Amphenol Corporation (NYSE:APH), TE Connectivity Ltd. (NYSE:TEL), RF Industries, Ltd. (NASDAQ:RFIL), AVX Corporation (NYSE:AVX), Methode Electronics Inc. (NYSE:MEI), Thomas & Betts Corporation (NYSE:TNB), Spectrum Control, Inc. (NASDAQ:SPEC), 3M Company (NYSE:MMM), Illinois Tool Works Inc. (NYSE:ITW), and Optical Cable Corporation (NASDAQ:OCCF).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $3.50 (-14.1%) from $24.82 to $21.32. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 11.5% (+$2.73) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 25.7% (-$6.37) over that span. Shares are down 86 cents (-3.9%) year to date.

(Source: Xignite Financials)

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