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Horizon Lines, Inc. (NASDAQ:HRZ) will unveil its latest earnings on Monday, July 18, 2011. Horizon Lines, Inc shipping and logistics company through its subsidiaries offers logistics solutions to shippers from a suite of transportation and distribution management services, information technology and intermodal trucking and warehousing services.
Horizon Lines, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 18 cents per share, a swing from net income of 15 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 2 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at a loss of 18 cents during the last month.
Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net loss of 90 cents per share versus a mean estimate of a loss of 50 cents per share.
Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>
Wall St. Revenue Expectations: On average, analysts predict $311.7 million in revenue this quarter, a rise of 2% from the year ago quarter. Analysts are forecasting total revenue of $1.24 billion for the year, a rise of 6.9% from last year’s revenue of $1.16 billion.
Key Stats:
Revenue has fallen in the past two quarters. In first quarter, revenue declined 0.3% to $285.4 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 13.3%.
Competitors to Watch: Kirby Corporation (NYSE:KEX), Alexander & Baldwin, Inc. (NYSE:ALEX), Trailer Bridge, Inc. (NASDAQ:TRBR), K-Sea Transportation Partners L.P. (NYSE:KSP), American Commercial Lines Inc. (NASDAQ:ACLI), Intl. Shipholding Corp. (NYSE:ISH), and Hanoi Maritime Holding Co (NYSE:MHC).
Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had fallen 73 cents (-39%) from $1.87 to $1.14. The stock price saw one of its best stretches over the last year between March 8, 2011, and March 16, 2011, when shares rose for seven-straight days, rising 26.4% (+88 cents) over that span. Shares have been on a negative streak of late, closing down every day between July 11, 2011 and July 12, 2011. Shares are down $3.23 (-73.9%) year to date.
(Source: Xignite Financials)
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