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Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 4.2 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
Analyst Ratings: With eight analysts rating the stock a buy, none rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.
On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 14.7% in the fourth quarter of the last fiscal year, 14.7% in first quarter and 16.6% in the second quarter and then fell again in the third quarter.
Heading into this earnings announcement, net income has dropped 64.8% on average for the last four quarters.
Wall St. Revenue Expectations: On average, analysts predict $340.3 million in revenue this quarter, a rise of 0.3% from the year-ago quarter. Analysts are forecasting total revenue of $1.42 billion for the year, a decline of 10.7% from last year’s revenue of $1.59 billion.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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