VeriSign, Inc. Earnings Preview Cheat Sheet.
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 38 cents per share, a rise of 46.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 35 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 38 cents during the last month. For the year, analysts are projecting net income of $1.33 per share, a rise of 54.7% from last year.
Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 37 cents per share, and the previous quarter, it had net income of 32 cents.
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Wall St. Revenue Expectations: On average, analysts predict $203.5 million in revenue this quarter, a rise of 13.8% from the year ago quarter. Analysts are forecasting total revenue of $771.8 million for the year, a rise of 13.4% from last year’s revenue of $680.6 million.
Analyst Ratings: Analysts are bullish on VeriSign as six analysts rate it as a buy, one rates it as a sell and five rate it as a hold.
A Look Back: In the third quarter, profit fell 92.5% to $58.9 million (36 cents a share) from $784.9 million ($4.48 a share) the year earlier, but exceeded analyst expectations. Revenue rose 14.1% to $197 million from $172.6 million.
The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 12.5%.
Competitors to Watch: Symantec Corporation (NASDAQ:SYMC), Tucows Inc. (AMEX:TCX), Innodata Isogen, Inc. (NASDAQ:INOD), Microsoft Corporation (NASDAQ:MSFT), InterNAP Network Services (NASDAQ:INAP), Web.com Group, Inc. (NASDAQ:WWWW), Yahoo! Inc. (NASDAQ:YHOO), Neustar, Inc (NYSE:NSR), SAVVIS, Inc. (NASDAQ:SVVS), and Wave Systems Corp. (NASDAQ:WAVX).
Stock Price Performance: During October 24, 2011 to January 20, 2012, the stock price had risen $5.10 (16.5%) from $30.91 to $36.01. The stock price saw one of its best stretches over the last year between December 14, 2011 and December 22, 2011 when shares rose for seven-straight days, rising 8.2% (+$2.73) over that span. It saw one of its worst periods between June 2, 2011 and June 13, 2011 when shares fell for eight-straight days, falling 5.1% (-$1.78) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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