PSS World Medical First Quarter Earnings Sneak Peek

PSS World Medical, Inc. (NASDAQ:PSSI) will unveil its latest earnings on Thursday, July 26, 2012. PSS World Medical is a national distributor of medical products and equipment, pharmaceutical products, healthcare information technology, and billing services to alternate-site healthcare providers.

PSS World Medical, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 21 cents per share, a decline of 16% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 31 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 21 cents during the last month. Analysts are projecting profit to rise by 18.1% versus last year to $1.13.

Past Earnings Performance: The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported net income of 38 cents per share against an estimate of profit of 43 cents per share. The quarter before that, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 18.8% in revenue from the year-earlier quarter to $417.4 million.

Stock Price Performance: Between May 23, 2012 and July 20, 2012, the stock price had risen $3.02 (15.9%), from $19 to $22.02. The stock price saw one of its best stretches over the last year between June 13, 2012 and June 19, 2012, when shares rose for five straight days, increasing 3% (+60 cents) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight days, dropping 21.2% (-$6.07) over that span.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 7.7% to $20 million (0 cents a share) from $21.6 million (38 cents a share) the year earlier, missing analyst expectations. Revenue fell 2% to $538.9 million from $549.7 million.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 3.5% in the the third quarter of the last fiscal year after dropping in the fourth quarter of the last fiscal year of the last fiscal year.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.42 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.

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

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

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