CLARCOR Inc. Fourth Quarter Earnings Sneak Peek

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CLARCOR, Inc. (NYSE:CLC) will unveil its latest earnings on Wednesday, January 18, 2012. Clarcor conducts its business in three industry segments: engine and mobile filtration, industrial and environmental filtration, and packaging.

CLARCOR, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 68 cents per share, a rise of 19.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 26.1% versus last year to $2.37.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 63 cents per share versus a mean estimate of net income of 66 cents per share. In the second quarter, the company beat estimates by 8 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 10.8% in revenue from the year-earlier quarter to $305.5 million.

Analyst Ratings: Analysts seem relatively indifferent about CLARCOR with five of eight analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 13.2% to $32.1 million (63 cents a share) from $28.3 million (55 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 8.4% to $284.8 million from $262.8 million.

Key Stats:.

The company has seen net income rise in three straight quarters. Net income rose 37.4% in the second quarter and 47.2% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 11.9% in the second quarter from the year earlier, climbed 14.2% in the first quarter from the year-ago quarter and 17.6% in the fourth quarter of the last fiscal year.

Competitors to Watch: Pall Corporation (NYSE:PLL), ESCO Technologies Inc. (NYSE:ESE), PMFG Inc (NASDAQ:PMFG), Ball Corporation (NYSE:BLL), Flanders Corporation (FLDR), Illinois Tool Works Inc. (NYSE:ITW), Silgan Holdings Inc. (NASDAQ:SLGN), Federal-Mogul Corporation (NASDAQ:FDML), Crown Holdings, Inc. (NYSE:CCK), and Bway Holding Company (BWY).

Stock Price Performance: During October 17, 2011 to January 12, 2012, the stock price had risen $7.24 (16.4%) from $44.20 to $51.44. The stock price saw one of its best stretches over the last year between March 10, 2011 and March 22, 2011 when shares rose for nine-straight days, rising 6.9% (+$2.80) over that span. It saw one of its worst periods between September 14, 2011 and September 22, 2011 when shares fell for seven-straight days, falling 11.9% (-$5.44) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks).

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