Systemax, Inc. Second Quarter Earnings Sneak Peek

Systemax, Inc. (NYSE:SYX) will unveil its latest earnings on Wednesday, August 3, 2011. Systemax, Inc. is mainly a direct marketer of brand name and private label products. Its operations are organized in three reportable business segments: Technology Products, Industrial Products and Software Solutions. Amazon.com, Inc. Earnings Cheat Sheet: Margins Suffer as Costs Rise, Profit Falls>>

Systemax, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 31 cents per share, a rise of 24% 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 32 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 31 cents during the last month. For the year, analysts are projecting net income of $1.55 per share, a rise of 29.2% from last year.

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 37 cents per share versus a mean estimate of net income of 30 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 11 cents.

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

Wall St. Revenue Expectations: On average, analysts predict $886 million in revenue this quarter, a rise of 9.9% from the year ago quarter. Analysts are forecasting total revenue of $3.85 billion for the year, a rise of 7.2% from last year’s revenue of $3.59 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 1.6% to $929.9 million in first quarter. The figure rose 7.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 14.4% in the third quarter of the last fiscal year from the year-ago quarter and 11.7% in the second quarter of the last fiscal year.

The increase in profit in the first quarter breaks a streak of two consecutive quarters of year-over-year profit decreases. In the first quarter, net income rose 15.4%, while the figure dropped 30.8% in the fourth quarter of the last fiscal year and 31.6% in the third quarter of the last fiscal year.

Competitors to Watch: Best Buy (NYSE:BBY), PC Mall, Inc. (NASDAQ:MALL), PC Connection, Inc. (NASDAQ:PCCC), Gaiam, Inc. (NASDAQ:GAIA), BIDZ.com, Inc. (NASDAQ:BIDZ), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Stamps.com Inc. (NASDAQ:STMP), Bluefly, Inc. (NASDAQ:BFLY), Overstock.com, Inc. (NASDAQ:OSTK), Amazon.com (NASDAQ:AMZN), eBay (NASDAQ:EBAY), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), and ValueVision Media, Inc. (NASDAQ:VVTV).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had risen $3.73 (29.7%) from $12.56 to $16.29. The stock price saw one of its best stretches over the last year between December 15, 2010 and December 27, 2010 when shares rose for eight-straight days, rising 15.8% (+$1.95) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 10.2% (-$1.47) over that span. Shares are up $2.19 (+15.5%) year to date.

(Source: Xignite Financials)

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

More from The Cheat Sheet