Research In Motion (RIMM) May Get Boost from Global Expansion

Research In Motion (Nasdaq: RIMM) has jumped higher ahead of the Company's fourth quarter 2011 earnings report after the market closes.

The company is expected to report EPS of $1.75 on revs of $5.63 billion. Last quarter, the mobile communications company reported EPS of $1.74 on revenues of $5.49 billion, beating consensus EPS of $1.64 and revenues of $5.39 billion. Research In Motion produced EPS of $1.27 on revs of $4.08 billion, missing consensus views in the fourth quarter of 2010.

Shares gained 13.9% through the quarter, to $66.20 at the end of February. The stock is down about 6% since then, and finished 2010 about 6.2%.

As a simple valuation, Research In Motion trades with a forward P/E of 9.2x FY12 EPS estimates, compared to 12.8x for Apple Inc. (Nasdaq: AAPL) and 10.5x at Nokia (NYSE: NOK).

Data from Bloomberg has 30 analysts with a Buy on Research In Motion, 22 with a Hold, and seven suggesting to Sell. The analyst price target average is $75.50, with a high of $100 and low of $45. Shares have traded in a range of $76.78 - $42.53 over the last 52-weeks.




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