Boston, MA 01/17/2013 (wallstreetpr) – EMC Corporation (NYSE:EMC) has attract a lot of positive reviews since it last issued its quarterly earnings in August. But as bullish views on the stock rises, so do concerns among investors and analysts tracking the stock. The company is scheduled to report Q4 and full-year results on January 29.
First, as regards full-year results, investors should keep a close eye on the company’s revenue and profit given that it issued a warning short back in October that it expected its 2013 full-year results to be impacted by the two-week shutdown of the U.S. government.
Due to this the company trimmed its revenue and profit forecasts. EMC predicted that it would report profit of $1.80 per share instead of $1.85, and on revenue the company expects to report $23.25 billion instead of $23.50 billion which was earlier predicted. Analysts are however looking for revenue of $23.33 billion and EPS of $1.83 for full-year 2013.
It would be a good thing if the company forecasted lower for full-year 2013 as it will be easy to meet and perhaps exceed the estimates. Perhaps this is why many analysts have recently been very bullish on the stock. The Street recently assigned the stock a “buy” rating, reaffirming its earlier position while pointing out additional strength areas.
The Street noted that EMC Corporation (NYSE:EMC) presents compelling revenue growth, has good cash flow while its profit margins are also expanding. Also, very interesting in the stock is that its financial position in largely solid due to reasonable debt levels compared by stocks covered by the rating agency.
Consensus sentiments
EMC Corporation (NYSE:EMC) currently carries a consensus “buy” rating and price target of $29.35 on the stock. This follows overwhelming “buy” recommendation from more than 25 analysts. The stock of EMC is currently trading around $26.37 according to the previous closing point.
Dividend
The company recently declared quarterly dividend at $0.10 per share that will be paid on January 23 to shareholders of record as of January 8. EMC Corporation (NYSE:EMC) is a dividend and value stock. This means that it has benefit potential for long-term and short-term investors.
