S&P 500 (NYSE:SPY) component Molex, Inc. (NASDAQ:MOLX) will unveil its latest earnings on Wednesday, August 3, 2011. Molex Inc. 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 profit of 46 cents per share, a rise of 17.9% 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 47 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 46 cents during the last month. For the year, analysts are projecting net income of $1.77 per share, a rise of 60.9% from last year.
Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 39 cents per share versus a mean estimate of net income of 42 cents per share. In second quarter, the company beat estimates by 3 cents.
Wall St. Revenue Expectations: On average, analysts predict $916.8 million in revenue this quarter, a rise of 8.2% from the year ago quarter. Analysts are forecasting total revenue of $3.59 billion for the year, a rise of 19.3% from last year’s revenue of $3.01 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.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 30.2%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 48.5% from the year earlier quarter.
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 June 1, 2011 to July 28, 2011, the stock price had fallen $2.54 (-9.6%) from $26.42 to $23.88. 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 11.4% (+$2.75) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 9.1% (-$2.42) over that span. Shares are up $1.50 (+6.7%) year to date.
(Source: Xignite Financials)