TE Connectivity Ltd. Fourth Quarter Earnings Sneak Peek

TE Connectivity Ltd. (NYSE:TEL) will unveil its latest earnings on Thursday, November 3, 2011. 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 net income of 85 cents per share, a rise of 18.1% 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 86 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 21.3% versus last year to $3.08.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported profit of 78 cents per share against a mean estimate of net income of 71 cents per share. In the second quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 25.2% in revenue from the year-earlier quarter to $3.93 billion.

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

A Look Back: In the third quarter, profit rose 7.6% to $355 million (80 cents a share) from $330 million (72 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 20.9% to $3.73 billion from $3.08 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 16.3%, with the biggest boost coming in the most recent quarter when revenue rose 20.9% from the year earlier quarter.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 69.8%. The quarter with the biggest boost was the fourth quarter of the last fiscal year, which saw a more than threefold surge.

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 September 30, 2011 to October 28, 2011, the stock price had risen $8.20 (29.1%) from $28.14 to $36.34. The stock price saw one of its best stretches over the last year between February 3, 2011 and February 11, 2011 when shares rose for seven-straight days, rising 5.3% (+$1.91) 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% (-$8.26) over that span. Shares are up $1.47 (+4.2%) year to date.

(Source: Xignite Financials)

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