Research In Motion (Nasdaq: RIMM ) is expected to report Q2 earnings on Sep. 27. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Research In Motion's revenues will contract -40.1% and EPS will shrink to a loss.
The average estimate for revenue is $2.50 billion. On the bottom line, the average EPS estimate is -$0.47.
Last quarter, Research In Motion logged revenue of $2.81 billion. GAAP reported sales were 43% lower than the prior-year quarter's $4.91 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.37. GAAP EPS were -$0.99 for Q1 against $1.33 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 28.0%, 1,590 basis points worse than the prior-year quarter. Operating margin was -10.9%, 2,920 basis points worse than the prior-year quarter. Net margin was -18.4%, 3,260 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $10.19 billion. The average EPS estimate is -$1.52.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 4,423 members out of 5,796 rating the stock outperform, and 1,373 members rating it underperform. Among 1,065 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 742 give Research In Motion a green thumbs-up, and 323 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Research In Motion is underperform, with an average price target of $12.52.
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