Brightpoint (CELL) is expected to report Q3 earnings before market open Wednesday Nov 5 with a conference call scheduled for 8:00 am ET.
The consensus estimate is 6c for EPS and $1.29B for revenue, according to First Call.
Oppenheimer expects Brightpoint to report a solid Q3, and that the company's Q4 will not be as bad as some fear. Citigroup expects Brightpoint to report September revenues essentially in-line with consensus and the firms $1.284B estimate. Citigroup looks for 15c in EPS, somewhat higher than the consensus estimate, as it thinks Brightpoint management kept tight controls over operating expenses in the quarter. Consensus expectations for Q4 are 21c and $1.49B in revenue. Citigroup said Brightpoint remains a "show me" story. The firm believes the recent insider buying is an encouraging sign. The firm said it could become more positive on Brightpoint shares with a couple of quarters of solid execution and clean financial reporting.