Unisys Corp Fourth Quarter Earnings Sneak Peek
Unisys Corporation (NYSE:UIS) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. Unisys is a worldwide information technology company. The company provides a portfolio of IT services, software, and technology that solves critical problems for clients.
Unisys Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $1 per share, a decline of 51.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.10. Between one and three months ago, the average estimate moved down. It has been unchanged at $1 during the last month. For the year, analysts are projecting profit of $2.20 per share, a decline of 50.3% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 28 cents, reporting net income of 85 cents per share against a mean estimate of profit of 57 cents per share.
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A Look Back: In the third quarter, the company swung to a loss of $8.4 million (28 cents a share) from a profit of $82.7 million ($1.63) a year earlier, but beat analyst expectations. Revenue fell 14% to $877.4 million from $1.02 billion.
Here’s how Unisys Corp traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
Wall St. Revenue Expectations: Analysts are projecting a decline of 6.2% in revenue from the year-earlier quarter to $923.9 million.
Analyst Ratings: There are mostly holds on the stock among the limited number of analysts surveyed with two hold ratings.
On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 1.7% in the second quarter and dropped again in the third quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.39 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.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)