Symantec Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Symantec Corp (NASDAQ:SYMC) will unveil its latest earnings on Wednesday, January 25, 2012. Symantec 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 net income of 37 cents per share, a rise of 23.3% 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. It also has not changed during the last month. Analysts are projecting profit to rise by 15.7% versus last year to $1.47.

Past Earnings Performance: For the past four quarters, the company has met expectations. Last quarter, the company reported profit of 34 cents per share to fall in step with the mean estimate.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: On average, analysts predict $1.71 billion in revenue this quarter, a rise of 6.9% from the year ago quarter. Analysts are forecasting total revenue of $6.78 billion for the year, a rise of 9.5% from last year’s revenue of $6.19 billion.

Analyst Ratings: Analysts are bullish on this stock with 22 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the second quarter, profit rose 33.8% to $182 million (24 cents a share) from $136 million (17 cents a share) the year earlier, meeting analyst expectations. Revenue rose 13.6% to $1.68 billion from $1.48 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 15.4% in the first quarter from the year earlier, climbed 9.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 3.6% in the third quarter of the last fiscal year.

While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 3.9% over the past four quarters. The quarter hit the hardest was the third quarter of the last fiscal year, that saw a 56% drop.

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 October 21, 2011 to January 19, 2012, the stock price had fallen $1.83 (-9.9%) from $18.42 to $16.59. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 9.3% (+$1.49) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 17.9% (-$3.49) over that span.

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

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?