Lexmark International, Inc. Third Quarter Earnings Coming Soon

S&P 500 (NYSE:SPY) component Lexmark International, Inc. (NYSE:LXK) will unveil its latest earnings on Tuesday, October 25, 2011. Lexmark International develops and manufactures printing and imaging products and solutions for offices and homes.

Lexmark International, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.02 per share, a decline of 6.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 98 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.02 during the last month. For the year, analysts are projecting profit of $4.65 per share, a decline of 6.2% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of $1.36 per share against a mean estimate of profit of $1.02 per share. In the first quarter, it missed forecasts by 10 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 2% in revenue from the year-earlier quarter to $1 billion.

Analyst Ratings: Analysts are bearish on Lexmark International as four analysts rate it as a sell, one rates it as a buy and five rate it as a hold.

A Look Back: In the second quarter, profit rose 19% to $101.3 million ($1.27 a share) from $85.1 million ($1.07 a share) the year earlier, exceeding analyst expectations. Revenue rose 1.1% to $1.04 billion from $1.03 billion.

Key Stats:

The increase in profit in the second quarter came after net income fell in the previous quarter. In the first quarter, net income fell 12.6%.

Over the last four quarters, revenue has increased 2.4% on average year over year. The biggest increase came in the third quarter of the last fiscal year, when revenue rose 6.4% from the year earlier quarter.

Competitors to Watch: Canon Inc. (NYSE:CAJ), Hewlett-Packard Company (NYSE:HPQ), Xerox Corporation (NYSE:XRX), Dell Inc. (NASDAQ:DELL), Synaptics, Incorporated (NASDAQ:SYNA), Immersion Corporation (NASDAQ:IMMR), Hauppauge Digital, Inc. (NASDAQ:HAUP), EMC Corporation (NYSE:EMC) and Logitech Intl. SA (NASDAQ:LOGI).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $5.62 (-16.6%) from $33.93 to $28.31. It saw one of its worst periods between November 8, 2010 and November 16, 2010 when shares fell for seven-straight days, falling 8.5% (-$3.35) over that span. The stock price saw one of its best stretches over the last year between June 10, 2011 and June 21, 2011 when shares rose for eight-straight days, rising 6.5% (+$1.75) over that span. Shares are down $6.51 (-18.7%) year to date.

(Source: Xignite Financials)

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