TE Connectivity Ltd. First Quarter Earnings Sneak Peek

TE Connectivity Ltd. (NYSE:TEL) will unveil its latest earnings on Wednesday, January 25, 2012. TE Connectivity is a provider of engineered electronic components, network solutions, specialty products and communication systems.

TE Connectivity Ltd. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 70 cents per share, a decline of 4.1% 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 77 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 70 cents during the last month. Analysts are projecting profit to rise by 4.8% versus last year to $3.27.

Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at net income of 89 cents per share against an estimate of profit of. The company also topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $3.44 billion in revenue this quarter, a rise of 7.5% from the year ago quarter. Analysts are forecasting total revenue of $14.67 billion for the year, a rise of 2.5% from last year’s revenue of $14.31 billion.

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

A Look Back: In the fourth quarter of the last fiscal year, profit remained level at $0.0 (0 cents a share) from the year earlier, beating analyst estimates. Revenue was unchanged at $0.0.

Key Stats:

Over the last four quarters, revenue has increased 12.2% on average year over year. The biggest increase came in the third quarter of the last fiscal year, when revenue rose 20.9% from the year earlier quarter.

Competitors to Watch: Molex Incorporated (NASDAQ:MOLX), Amphenol Corporation (NYSE:APH), Thomas & Betts Corporation (NYSE:TNB), AVX Corporation (NYSE:AVX), Spectrum Control, Inc. (NASDAQ:SPEC), Methode Electronics Inc. (NYSE:MEI), Littelfuse, Inc. (NASDAQ:LFUS), Corning Incorporated (NYSE:GLW), and Cablitec Holding AG (NYSE:GNI).

Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen $6.87 (23.1%) from $29.77 to $36.64. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 12, 2012 when shares rose for nine-straight days, rising 12.6% (+$3.88) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 22.9% (-$8.21) over that span.

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

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