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Saturday, March 24, 2012

RIM earning per share estimates report march 29 2012

Research In Motion (RIM) earning per share estimates report march 29 2012, rim stock prices predictions next week march 26-30 2012, rim prices target march 26-30 2012, RIM analysts recommends march 26-30 2012 ; On March 29, at 5pm ET, Research In Motion (RIMM) is scheduled to report earnings for the fourth quarter and fiscal year 2012 that ended March 3. RIMM offered relatively conservative expectations in its Q3 guidance on December 15, 2011:

Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. RIM provides platforms and solutions for access to information, including e-mail, voice, instant messaging, short message service (SMS), Internet and intranet-based applications and browsing. RIM's portfolio includes the BlackBerry wireless solution, the RIM Wireless Handheld product line, software development tools and other software and hardware.

Q4 Outlook
Revenue for the fourth quarter of fiscal 2012 ending March 3, 2012 is expected to be in the range of $4.6-$4.9 billion. Gross margin percentage for the fourth quarter is expected to be approximately 38%. BlackBerry smartphone shipments are expected to be between 11 million and 12 million units. Earnings per share for the fourth quarter is expected to be in the range of $0.80-$0.95.

Moreover with regard toward EPS:

The Company's GAAP net income for the quarter was $256 million, or $0.51 per share diluted, compared with GAAP net income of $329 million, or $0.63 per share diluted, in the prior quarter and GAAP net income of $911 million, or $1.27 per share diluted. Adjusted net income and adjusted diluted earinings per share exclude the impact of pre-tax charges of $54 million ($40 million after tax) to revenue related to the service interruption experienced in the third quarter, $485 million ($356 million after tax) for the PlayBook inventory provision taken in the third quarter.

As contrast in the 3Q RIMM reported $5.2 billion in revenue, a 33% increase from Q2 and a 6% decrease from the same quarter the previous year. Gross margin was 27.3% and smartphone shipments were 14.1 million.

While value investors and those who have held long positions have high hopes for RIMM's long-term future, analysts are indicating low expectations for the Q4 report. During the 4th quarter RIMM made significant changes, promoting a new CEO, with the two former CEOs and board chairmen resigning their positions and taking up board director positions while still maintaining the two largest ownership stakes. In spite of being largely seen as a positive change for the company, analysts are on average expecting RIMM to meet guidance on the low end based on slipping phone sales, with $.85 per share.

Research In Motion Limited has a market cap of $7.39 billion and will report its fourth quarter earnings results on March 29, 2012, after market close. The fourth quarter revenues are expected to be $4.55 billion when compared to $5.56 billion for the same quarter last year. Earnings per share for the fourth quarter are expected to be 82 cents a share from $1.78 a share in the year ago period. Research In Motion Limited is currently trading around $14.11 with a 52 week range of $12.45 to $64.63.

Currently only one out of 42 analysts recommends RIMM as a "buy," while 30 out of the 42 recommend RIMM as a "hold." Last week, a one-day 7% increase in the stock price was largely thought to be the result of rumors of a buy-in by competitor Samsung (SSNLF.PK), however some saw the rise caused by the lack of a pre-earnings announcement by RIMM. In addition to financial reporting next week, investors should expect to hear more about the recent acquisition of Paratek Microwave Co, of which specific information has yet to be released. Moreover RIMM will likely provide more information on the progress of its OS, smartphones, and Mobile Fusion for enterprise.

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