Unisys Corp Third Quarter Earnings Sneak Peek

Unisys Corporation (NYSE:UIS) will unveil its latest earnings on Tuesday, October 23, 2012. 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 profit of 57 cents per share, a decline of 65% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 89 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 74 cents during the last month. For the year, analysts are projecting net income of $3.14 per share, a decline of 29.1% 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 52 cents, reporting profit of $1 per share against a mean estimate of net income of 48 cents per share.

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A Look Back: In the second quarter, the company swung to a profit of $50.7 million (99 cents a share) from a loss of $7.6 million (27 cents) a year earlier, beating analyst estimates. Revenue fell 1.7% to $921.3 million from $937.2 million.

Stock Price Performance: Between July 24, 2012 and October 17, 2012, the stock price rose $5.17 (31.2%), from $16.59 to $21.76. The stock price saw one of its best stretches over the last year between August 30, 2012 and September 7, 2012, when shares rose for six straight days, increasing 7.7% (+$1.59) over that span. It saw one of its worst periods between March 29, 2012 and April 11, 2012 when shares fell for nine straight days, dropping 16.6% (-$3.29) over that span.

Wall St. Revenue Expectations: Analysts predict a decline of 11.1% in revenue from the year-earlier quarter to $906.8 million.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 1.9% in the the first quarter after dropping in the second quarter.

Analyst Ratings: There are mostly holds on the stock among the limited number of analysts surveyed with two hold ratings.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.46 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)

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