Molex Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Molex, Inc. (NASDAQ:MOLX) will unveil its latest earnings on Wednesday, January 25, 2012. 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 41 cents per share, a decline of 8.9% 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 43 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 41 cents during the last month. Analysts are projecting profit to rise by 0% versus last year to $1.72.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported profit of 46 cents per share versus a mean estimate of net income of 42 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 1.3% in revenue from the year-earlier quarter to $890.2 million.

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

A Look Back: In the first quarter, profit rose 7.2% to $80.5 million (46 cents a share) from $75.1 million (43 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.3% to $936 million from $897.7 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 70.2% in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 7.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 15.6% in the third quarter of the last fiscal year from the year-ago quarter and 23.6% in the second 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 December 19, 2011 to January 19, 2012, the stock price had risen $4.96 (22.4%) from $22.11 to $27.07. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 12, 2012 when shares rose for nine-straight days, rising 8.8% (+$2.10) 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% (-$6.32) over that span.

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

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