National Technical Systems, Inc. First Quarter Earnings Sneak Peek

National Technical Systems, Inc. (NASDAQ:NTSC) will unveil its latest earnings on Monday, June 13, 2011. National Technical Systems, Inc. is a provider of engineering and compliance testing services to the defense, aerospace, telecommunications, automotive, energy and high technology markets.

National Technical Systems, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating profit of one cent per share, a decline of 94.1% from the same quarter a year ago. Over the past three months, the consensus estimate has moved down from 8 cents. The consensus estimate is unchanged from a month ago. For the year, analysts are projecting net income of 19 cents per share, a decline of 45.7% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported a loss of 3 cents per share versus a mean estimate of 9 cents. Two quarters ago, it report profit of 11 cents per share.

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Key Stats:

Revenue has risen the past four quarters. Revenue increased 19% to $34.4 million in fourth quarter of the last fiscal year. The figure rose 20.1% in third quarter from the year earlier and climbed 25.9% in second quarter from the year-ago quarter.

National Technical Systems’ loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $321,000 in the fourth quarter of the last fiscal year, a profit of $1.1 million in the third quarter and $993,000 in the second.

The company’s gross margin shrank by 4.3 percentage points in the last quarter. Revenue rose 5.8% while cost of sales rose 12.1% to $26.3 million from a year earlier.

Competitors to Watch: TRC Companies, Inc. (NYSE:TRR), Exponent, Inc. (NASDAQ:EXPO), BioClinica, Inc. (NASDAQ:BIOC), Trio-Tech International (AMEX:TRT), Lightbridge Corporation (NASDAQ:LTBR).

Recent Price Movement: From two months ago, the stock price has fallen 96 cents (-13.1%) from $7.35 on April 8, 2011 to $6.39 on June 7, 2011.

(Sources: YahooFinance and Xignite Financials)

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