Helen of Troy Limited Third Quarter Earnings Sneak Peek

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Helen of Troy Limited (NASDAQ:HELE) will unveil its latest earnings on Wednesday, January 9, 2013. Helen of Troy is a global designer, developer, importer, and distributor of a portfolio of brand-name consumer products.

Helen of Troy Limited Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.13 per share, a rise of 8.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.16. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.13 during the last month. For the year, analysts are projecting net income of $3.55 per share, a rise of 2% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 13 cents, coming in at profit of 72 cents per share against an estimate of net income of. In the first quarter, the company also missed expectations.

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Wall St. Revenue Expectations: On average, analysts predict $379.2 million in revenue this quarter, a rise of 11.9% from the year-ago quarter. Analysts are forecasting total revenue of $1.29 billion for the year, a rise of 9.3% from last year’s revenue of $1.18 billion.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.43 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company improved this liquidity measure from 1.41 in the first quarter to the last quarter driven in part by an increase in current assets. Current assets increased 16.7% to $574.1 million while liabilities rose by 15% to $401.1 million.

A Look Back: In the second quarter, profit fell 2.6% to $23 million (72 cents a share) from $23.6 million (74 cents a share) the year earlier, missing analyst expectations. Revenue rose 3.6% to $287.4 million from $277.4 million.

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