Symantec SYMC announces its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's advanced look at Symantec's first quarter earnings report.
Earnings and Revenue:
Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of 33 cents per share and revenues of $1.58 billion. Wall Street will be looking to see how this quarter's numbers compare to the year-ago quarter's positive EPS of 35 cents per share on revenues of $1.43 billion. We'll have to wait for Wednesday to see if Symantec reports a decline in EPS and a boost in revenue from the year-ago quarter, as analysts are predicting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q4 | Q3 | Q2 | Q1 |
EPS Estimate | $0.33 | $0.30 | $0.25 | $0.32 |
EPS Actual | $0.33 | $0.30 | $0.29 | $0.35 |
Stock Performance:
Shares of Symantec were trading at $19.03 as of July 21, 2011. Since January 1st, shares of Symantec have given investors a return of 13.7%. For a full 12 months, the return has risen by 22.7%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Symantec is a Moderate Buy. The strength of this rating has declined slightly over the past three months.
Competitors:
Wondering how some of the other information technology companies are doing? Here are a few of Symantec's peers in that sector.
- CA CA: Hold with a $0.50 recent quarter EPS
- Hewlett-Packard Company HPQ: Hold with a $1.24 recent quarter EPS
- International Business Machines IBM: Moderate Buy with a $3.09 recent quarter EPS
- Intel INTC: Moderate Buy with a $0.56 recent quarter EPS
Symantec is in the computer software industry, which has experienced price/earnings growth of 3.6%.
Finally, a description of the company's main areas of operation: Symantec provides security, storage and systems management solutions to help businesses and consumers secure and manage their information.
Take Action:
Now that you have reviewed all the numbers, be ready to move if the upcoming Symantec earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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