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Saturday, August 18, 2012

Dell Earnings results Q2 estimated report 8/21/2012

Dell Earnings results Q2 estimated report 8/21/2012 : Analysts are looking for decreased profit for Dell (DELL) when the company reports its results for the second quarter on Tuesday, August 21, 2012. Dell reported profit of 54 cents a year ago, but the consensus estimate calls for earnings per share of 45 cents this time around.

Over the past three months, the consensus estimate has sagged from 51 cents. Analysts are projecting earnings of $1.91 per share for the fiscal year. Analysts project revenue to fall 6.2% year-over-year to $14.68 billion for the quarter, after being $15.66 billion a year ago. For the year, revenue is projected to come in at $59.77 billion.

Net income has decreased in each of the last two quarters. In the first quarter, net income fell 32.8% from the year earlier quarter, while the figure dropped 17.6% in the fourth quarter of the last fiscal year.

Revenue decreased in the first quarter, following a rise in the quarter prior. Revenue dropped 4% to $14.42 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 2.2%.

Most analysts think investors should stand pat on Dell, with 14 of 25 analysts rating it hold. Analyst sentiment about Dell has waned during the last three months. The stock price has understandably fallen 17.2% to $12.21 from $14.74 since May 18, 2012.

Earnings estimates provided by Zacks.

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