Spartan Stores First Quarter Earnings Sneak Peek

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Spartan Stores, Inc. (NASDAQ:SPTN) will unveil its latest earnings on Wednesday, August 1, 2012. Spartan Stores is a regional grocery distributor and grocery retailer, operating mainly in Michigan and Indiana.

Spartan Stores, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 27 cents per share, a decline of 6.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 28 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 27 cents during the last month. Analysts are projecting profit to rise by 2.2% versus last year to $1.42.

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 46 cents per share against the mean estimate of 39 cents. In the prior quarter, the company reported net income of 22 cents.

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A Look Back: In the fourth quarter of the last fiscal year, profit rose 74.2% to $10.5 million (47 cents a share) from $6 million (26 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 2% to $614.8 million from $602.6 million.

Stock Price Performance: Between May 1, 2012 and July 26, 2012, the stock price fell 66 cents (-3.7%), from $17.89 to $17.23. It saw one of its worst periods between February 3, 2012 and February 13, 2012 when shares fell for seven straight days, dropping 9.5% (-$1.80) over that span. The stock price saw one of its best stretches over the last year between June 26, 2012 and July 5, 2012, when shares rose for seven straight days, increasing 8% (+$1.37) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.13 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.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 39.5% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Analyst Ratings: With three analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.

Wall St. Revenue Expectations: Analysts predict a rise of 1.4% in revenue from the year-earlier quarter to $611.3 million.

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

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