Earnings Preview: RIM Reports Q2 Results Thursday

Sep.14.11 | About: BlackBerry Ltd. (BBRY)


Research In Motion Limited (RIMM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The company was founded in 1984 and is headquartered in Waterloo, Canada. RIM trades an average of 23 million shares per day. I have previously written a couple of articles about RIM.

52-Week High: $70.54
52-Week Low: $21.60
Book Value: $18.29
Float Short: 7.91%

On average, analysts are expecting a drop of $-0.25 in earnings per share, compared to last quarter's results of $0.67. A beat of $0.42 per share will top the estimated per-share earnings.

From a month ago, the stock has increased in price 11.88%, with a one-year change of -31.76%. Comparing to the S&P 500 price changes, the price performances are 13.78% vs. the S&P 500 from a month ago, and year-to-date difference is -44.42% vs. the S&P 500 price change.

The company has rising revenue year-over-year of $19.91 billion for 2011 vs. $14.95 billion for 2010. The bottom line has rising earnings year-over-year of $3.41 billion for 2011 vs. $2.46 billion for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $4.64 billion for 2011 vs. $3.24 billion for 2010.

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Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 704.00 M $ 761.02 M $ 57.02 M 8.1%
Jan-11 $ 1.10 B $ 1.10 B $ 5.10 M 0.47%
Oct-10 $ 652.82 M $ 681.73 M $ 28.91 M 4.43%
Jul-10 $ 690.03 M $ 668.76 M $ -21.27 M -3.08%
Apr-10 $ 612.98 M $ 633.59 M $ 20.61 M 3.36%
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M = millions, B = billions
Differences are rounded.
Some one-time items are often excluded in reported EPS.

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

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Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in RIMM over the next 72 hours.