TE Connectivity First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component TE Connectivity (NYSE:TEL) will unveil its latest earnings on Wednesday, January 23, 2013. TE Connectivity is a provider of engineered electronic components, network solutions, specialty products and communication systems.

TE Connectivity Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 64 cents per share, a decline of 3% 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 76 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 64 cents during the last month. Analysts are projecting profit to rise by 9.4% compared to last year’s $3.13.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at profit of 76 cents per share against a mean estimate of net income of 74 cents. The company fell in line with estimates in the third quarter of the last fiscal year.

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!

Wall St. Revenue Expectations: On average, analysts predict $3.2 billion in revenue this quarter, a decline of 3.3% from the year-ago quarter. Analysts are forecasting total revenue of $13.69 billion for the year, a rise of 3.1% from last year’s revenue of $13.28 billion.

Analyst Ratings: With seven analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.62 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

A Look Back: In the fourth quarter of the last fiscal year, profit remained level at $396 million (92 cents a share) from the year earlier, beating analyst estimates. Revenue was unchanged at $3.36 billion.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

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