Symantec Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Symantec Corp (NASDAQ:SYMC) will unveil its latest earnings on Wednesday, July 27, 2011. Symantec Corporation provides security, storage and systems management solutions to help businesses and consumers secure and manage their information.

Symantec Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 33 cents per share, a decline of 5.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $1.47 per share, a rise of 15.7% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 33 cents per share versus a mean estimate of net income of 33 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 0 cents.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Wall St. Revenue Expectations: On average, analysts predict $1.58 billion in revenue this quarter, a rise of 10.5% from the year ago quarter. Analysts are forecasting total revenue of $6.63 billion for the year, a rise of 7.1% from last year’s revenue of $6.19 billion.

Analyst Ratings: Analysts are bullish on this stock with 20 analysts rating it as a buy, none rating it as a sell and 10 rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 9.3% to $1.67 billion in fourth quarter of the last fiscal year. The figure rose 3.6% in the third quarter of the last fiscal year from the year earlier, climbed 18% in the second quarter of the last fiscal year from the year-ago quarter and 18.5% in the first quarter of the last fiscal year.

The company has now seen net income fall in each of the last three quarters. In fourth quarter of the last fiscal year, net income fell 12% from the year earlier, while the figure fell 56% in the third quarter of the last fiscal year and 9.3% in the second quarter of the last fiscal year.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Websense Inc. (NASDAQ:WBSN), Oracle Corporation (NASDAQ:ORCL), CA, Inc. (NASDAQ:CA), VMware, Inc. (NYSE:VMW), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Novell, Inc. (NASDAQ:NOVL), Guidance Software, Inc. (NASDAQ:GUID), and Intel Corporation (NASDAQ:INTC).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had fallen 31 cents (-1.6%) from $19.34 to $19.03. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 5.8% (+$1.08) over that span. It saw one of its worst periods between July 23, 2010 and July 30, 2010 when shares fell for six-straight days, falling 14.6% (-$2.22) over that span. Shares are up $2.29 (+13.7%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

More from The Cheat Sheet