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Stock Price Performance: Between October 25, 2012 and January 23, 2013, the stock price rose $6.99 (19.8%), from $35.26 to $42.25. The stock price saw one of its best stretches over the last year between December 6, 2012 and December 18, 2012, when shares rose for nine straight days, increasing 8.3% (+$2.97) over that span. It saw one of its worst periods between May 1, 2012 and May 10, 2012 when shares fell for eight straight days, dropping 6.5% (-$2.16) over that span.
Wall St. Revenue Expectations: On average, analysts predict $6.97 billion in revenue this quarter, a rise of 9.4% from the year-ago quarter. Analysts are forecasting total revenue of $27.77 billion for the year, a rise of 6.7% from last year’s revenue of $26.03 billion.
On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 4.2% in the first quarter and 6.5% in the second quarter before climbing again in the third quarter.
Heading into this earnings announcement, net income has dropped 39.5% on average for the last four quarters.
Analyst Ratings: With nine 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.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.8 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.
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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