Ingram Micro Inc.
) is set to report fourth-quarter fiscal 2013 results on Feb 13.
Last quarter, it posted a positive surprise of 1.92%. Let us see
how things are shaping up for this announcement.
Factors to Consider This Past Quarter
Ingram Micro posted mixed third-quarter results with the
bottom line surpassing the Zacks Consensus Estimate but the top
line missing the same. Ingram Micro has been striking
distribution deals with a number of original equipment
manufacturers thus expanding its product portfolio. Moreover,
Ingram Micro's exposure in cloud computing products is also
expected to remain a key growth driver for the company.
We believe that the improving IT spending trend will help
Ingram to post better results going forward. Also, the company's
focus on the high-margin market and strategic acquisitions to
grow market share are encouraging.
Though Ingram Micro's significant European exposure and a high
debt burden are concerns, we remain fairly optimistic about the
company's strategic relationships with network giants such as
Juniper Networks Inc.
) and International Business Machines Corp.
Our proven model does not conclusively show that Ingram Micro
is likely to beat earnings this quarter. A stock needs to have
both a positive
and a Zacks Rank #1, 2 or 3 to surpass earnings estimates.
However, that is not the case here due to the following
The expected surprise prediction for Ingram Micro is 0.00% since
both the Most Accurate estimate and the Zacks Consensus Estimate
stand at 80 cents per share.
Ingram Micro's Zacks Rank #2 (Buy) when combined with a 0.00% ESP
makes surprise prediction difficult.
We caution against stocks with Zacks Ranks #4 and 5
(Sell-rated stocks) going into the earnings announcement,
especially when the company is seeing negative estimate revisions
Another Stock to Consider
Here is another company, which you may want to consider as our
model shows that it hasthe right combination of elements to post
an earnings beat this quarter:
), with Earnings ESP of +20.00% and a Zacks Rank #2.
CISCO SYSTEMS (CSCO): Free Stock Analysis
INGRAM MICRO (IM): Free Stock Analysis Report
JUNIPER NETWRKS (JNPR): Free Stock Analysis
ZILLOW INC (Z): Free Stock Analysis Report
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