Credit Suisse Previews CELL Q410

In its Q410 preview of Brightpoint, Inc. CELL, Credit Suisse said that it expects “results to be in-line to slightly better than our estimates, given broad based handset market strength.” “We forecast revenue of $1.03bn (+16% qoq), clean OMs of 2.8% (+40bp qoq), and PF EPS of $0.28 versus consensus of $1.01bn/2.6%/$0.27 respectively,” Credit Suisse writes. “For Q1, our revenue/ PF EPS estimates are $914mn (-11% qoq)/ $0.18 roughly in-line with consensus. We expect that management will provide their outlook for 2011 industry volumes in addition to an update on the impact from the recently closed Touchstone (repair and reverse logistics provider) acquisition.” Brightpoint closed Friday at $9.26.