Cisco Systems (CSCO) reports its first quarter earnings on Tuesday, November 13, 2012.
The Wall Street consensus is 41 cents per share, up 7.9% from a year ago when Cisco reported earnings of 38 cents per share.
The consensus estimate is up from three months ago when it was 40 cents, but hasn't changed over the past month. For the fiscal year, analysts are expecting earnings of $1.72 per share. Revenue is projected to eclipse the year-earlier total of $11.26 billion by 4.8%, finishing at $11.8 billion for the quarter. For the year, revenue is projected to roll in at $48.79 billion.
In each of the the past three quarters, the company has seen its profits increase. In the most recent quarter, profit increased 55.6% year-over-year. Going back two quarters, net income rose 19.8% in the third quarter of the last fiscal year and 43.5% in the second quarter of the last fiscal year.
The majority of analysts (59.4%) rate Cisco as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 34.9% buys. Analysts have grown increasingly optimistic about the stock in the last three months. Still, since August 10, 2012, the stock price has fallen 1.9% to $17.21 from $17.54.
Earnings estimates provided by Zacks.
Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
