Earnings Preview: Mobile TeleSystems Reports Quarterly Results Tuesday

| About: Mobile TeleSystems (MBT)

Mobile TeleSystems OJSC (NYSE:MBT) is due to report earnings before the opening bell on Tuesday, September 6, 2011.

MBT trades an average of 3.5 million shares per day.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Turkmenistan, Armenia, and Belarus. The company was founded in 1993 and is headquartered in Moscow.

52-Week High: $23.51
52-Week Low: $15.13
Book Value: $3.63

Analysts are expecting an improvement of $0.10 in earnings per share compared to last quarter's results of $0.34. A beat of $0.44 per share will top the estimated per share earnings.

The P/E ratio has been discounted, as the current trailing twelve months (ttm) P/E ratio is 23.3, while the forward P/E ratio is now 8.9. It appears based on the lower P/E that investors are pricing in less growth. Looking at the price movement over the last month, the stock has fallen in price -3.62 %, with a one-year change of -20.80%.
Comparing to the S&P 500 price changes, the price performances are -3.97% vs. the S&P 500 from a month ago, and year-to-date difference is -16.20% vs. the S&P 500 price change.

The company has rising revenue year-over-year of $11.29 billion for 2010 vs. $9.87 billion for 2009. The bottom line has rising earnings year-over-year of $1.38 billion for 2010 vs. $1.01 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $2.73 billion for 2010 vs. $2.56 billion for 2009.

Annually, revenue is growing at a rate of 14.39%.

Gross reported revenue compared to the mean estimate (rounded)

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 2.90 B $ 2.93 B $ 29.68 M 1.02%
Dec-10 $ 2.93 B $ 3.00 B $ 60.23 M 2.05%
Sep-10 $ 2.91 B $ 2.91 B $ -2.33 M -0.08%
Jun-10 $ 2.74 B $ 2.77 B $ 30.52 M 1.11%
Mar-10 $ 2.51 B $ 2.61 B $ 100.05 M 3.98%

M = millions, B = billions
Differences are rounded.
Some one-time items are often excluded in reported EPS.

Reported earnings per share compared to the mean estimate. Differences are rounded.

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Tagged: , Wireless Communications, Earnings, Russia
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