Unisys Corp Third Quarter Earnings Sneak Peek

Unisys Corp (NYSE:UIS) will unveil its latest earnings on Monday, October 24, 2011. 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 Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 70 cents per share, a rise of 40% 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 78 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 64.3% versus last year to $1.31.

Last quarter, the company came in at net income of 93 cents per share against a mean estimate of net loss of 8 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by 11 cents.

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Wall St. Revenue Expectations: On average, analysts predict $926.9 million in revenue this quarter, a decline of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $3.78 billion for the year, a decline of 6% from last year’s revenue of $4.02 billion.

Analyst Ratings: The limited number of analysts covering the stock seem relatively indifferent about Unisys with three of three analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a loss of $7.6 million (27 cents a share) from a profit of $120.2 million ($2.77) a year earlier, but beat analyst expectations. Revenue fell 11.3% to $937.2 million from $1.06 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 8.7% in the first quarter from the year earlier, dropped 13.6% in fourth quarter of the last fiscal year from the year-ago quarter and 17.2% in the third quarter of the last fiscal year.

Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Red Hat, Inc. (NYSE:RHT), EMC Corporation (NYSE:EMC), Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Hewlett-Packard Company (NYSE:HPQ), WidePoint Corporation (AMEX:WYY), Computer Sciences Corp. (NYSE:CSC), SAP AG (NYSE:SAP), and Dell Inc. (NASDAQ:DELL).

Stock Price Performance: During July 25, 2011 to October 18, 2011, the stock price had fallen $6.36 (-25%) from $25.39 to $19.03. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 40.4% (+$11.16) over that span. It saw one of its worst periods between July 22, 2011 and August 1, 2011 when shares fell for seven-straight days, falling 21.8% (-$5.71) over that span. Shares are down $6.86 (-26.5%) year to date.

(Source: Xignite Financials)

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