Life Technologies Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Life Technologies Corporation (NASDAQ:LIFE) will unveil its latest earnings on Tuesday, April 24, 2012. Life Technologies is a global biotechnology tools company offering products that include systems, instruments, reagents, and custom services.

Life Technologies Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 93 cents per share, a rise of 9.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 97 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 94 cents during the last month. Analysts are projecting profit to rise by 7.5% versus last year to $3.99.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of $1.06 per share against the mean estimate of $1.03. In the prior quarter, the company reported net income of 94 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 2.7% in revenue from the year-earlier quarter to $920.8 million.

Analyst Ratings: Analysts are optimistic about this stock, with 12 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 31.7% to $93.1 million (51 cents a share) from $70.7 million (37 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.4% to $1.01 billion from $932.3 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 1.2% in the first quarter of the last fiscal year, 4.1% in the second quarter of the last fiscal year and 7% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Heading into this earnings announcement, the company is trying build on some positive momentum from last quarter’s income increase. After net income declines in the second quarter of the last fiscal year of the last fiscal year and third quarter of the last fiscal year of the last fiscal year, profit rose in the fourth quarter of the last fiscal year.

Stock Price Performance: Between April 12, 2012 and April 18, 2012, the stock price dropped 62 cents (-1.3%), from $47.11 to $46.49. The stock price saw one of its best stretches over the last year between February 17, 2012 and February 28, 2012, when shares rose for seven straight days, increasing 4.5% (+$2.05) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12 straight days, dropping 25.4% (-$13.09) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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