) is scheduled to report its fourth quarter and fiscal 2011 results
on Friday February 10, 2012. The current Zacks Consensus Estimate
for the quarter is 12 cents a share. For the quarter under review,
revenue is $5.8 billion, according to the Zacks Consensus
Third-Quarter 2011, a Synopsis
Alcatel Lucent released its third quarter 2011 earnings results,
reporting earnings per share from continuing operations of 10
cents, which was above the Zacks Consensus Estimate. Earnings were
up from 2 cents in the prior year quarter. This was the sixth
consecutive quarter in which the company witnessed double-digit
growth in earnings.
Total revenue for the quarter decreased 6.8% year-over-year at
€3.8 billion. At constant currency exchange rates, revenue
decreased 0.7% year-over-year and decreased 3.8% sequentially.
Fourth-Quarter 2011 Zacks Consensus
The analysts considered by Zacks, expect Alcatel Lucent to post
fourth-quarter 2011 earnings of 12 cents a share. The current Zacks
Consensus Estimate reflects a decrease of 38.6% from the prior-year
quarter's earnings. The current Zacks Consensus Estimate for the
quarter ranges between 16 cents and 8 cents.
Zacks Agreement & Magnitude
Among the analysts following the stock, none have raised
estimate projections in the last 7 and 30 days, therefore, the
Zacks Consensus Estimate is stagnant at 12 cents. However, in the
last 7 and 30 days, one and two of the analysts respectively
lowered their projections, keeping the Zacks Consensus Estimate
The analysts expect Alcatel to report weak fourth quarter
results primarily due strong foreign exchange headwinds. The
analysts are also concerned about the continuing weakness in Europe
and the capital expenditures in the North American region are also
expected to be weak.
Mixed Earnings Surprise History
With respect to earnings surprises, Alcatel Lucent has topped
the Zacks Consensus Estimate over the last four quarters in the
range of 25.0% to 175%. The average remained at positive 80.3%.
This suggests that Alcatel has beaten the Zacks Consensus Estimate
by an average of 80.3% in the trailing four quarters.
On a long term basis we maintain a Neutral rating on the company
and Alcatel has a Zacks Rank #3 which also implies a short-term
Hold on the stock.
ALCATEL ADS (
): Free Stock Analysis Report
To read this article on Zacks.com click here.