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S&P 500 (NYSE:SPY) component Kimberly-Clark (NYSE:KMB) will unveil its latest earnings tomorrow, Thursday, July 26, 2012. Kimberly-Clark manufactures and markets a range of mostly paper-based consumer products.
Kimberly-Clark Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.28 per share, a rise of 8.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.27. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting profit of $5.16 per share, a rise of 7.5% from last year.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net income of $1.24 per share against a mean estimate of profit of $1.17 per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.
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A Look Back: In the first quarter, profit rose 33.7% to $468 million ($1.18 a share) from $350 million (86 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.2% to $5.24 billion from $5.03 billion.
Stock Price Performance: Between May 23, 2012 and July 24, 2012, the stock price had risen $4.81 (6.11%), from $78.68 to $83.49. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 5, 2012, when shares rose for eight straight days, increasing 3.8% (+$3.10) over that span. It saw one of its worst periods between December 29, 2011 and January 6, 2012 when shares fell for six straight days, dropping 1.9% (-$1.37) over that span.
Analyst Ratings: There are mostly holds on the stock with 10 of 14 analysts surveyed giving that rating.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 8.3% in the second quarter of the last fiscal year, 8.1% in the third quarter of the last fiscal year and 2% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Last quarter’s earnings rise was a switch from preceding drops, so the upcoming earnings announcement is a chance to build on last quarter’s result. Net income fell in the second quarter of the last fiscal year, the third quarter of the last fiscal year and the fourth quarter of the last fiscal year before snapping that run with a profit increase in the first quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.2 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.
Wall St. Revenue Expectations: Analysts are projecting a rise of 0.4% in revenue from the year-earlier quarter to $5.28 billion.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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