Owens & Minor Second Quarter Earnings Sneak Peek

Owens & Minor, Inc. (NYSE:OMI) will unveil its latest earnings on Monday, July 23, 2012. Owens & Minor is a distributor of medical and surgical supplies to the acute-care market and a healthcare supply-chain management company.

Owens & Minor, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 49 cents per share, a rise of 6.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 50 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 49 cents during the last month. For the year, analysts are projecting profit of $2.08 per share, a rise of 7.2% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at net income of 46 cents per share versus a mean estimate of profit of 48 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 5 cents.

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Stock Price Performance: Between May 18, 2012 and July 17, 2012, the stock price had risen $2.88 (10.4%), from $27.64 to $30.52. The stock price saw one of its best stretches over the last year between June 13, 2012 and June 20, 2012, when shares rose for six straight days, increasing 5.1% (+$1.48) over that span. It saw one of its worst periods between November 11, 2011 and November 25, 2011 when shares fell for 10 straight days, dropping 9.2% (-$2.85) over that span.

Wall St. Revenue Expectations: On average, analysts predict $2.23 billion in revenue this quarter, a rise of 4.7% from the year-ago quarter. Analysts are forecasting total revenue of $9.02 billion for the year, a rise of 4.5% from last year’s revenue of $8.63 billion.

A Look Back: In the first quarter, profit rose 2.2% to $29.4 million (46 cents a share) from $28.7 million (45 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 4.4% to $2.22 billion from $2.12 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 5.9% in the third quarter of the last fiscal year and 9.9% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 5.5% in the second quarter of the last fiscal year, 5.5% in the third quarter of the last fiscal year and 6.1% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Analyst Ratings: There are mostly holds on the stock with six of eight analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.17 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.

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

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