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Stock Price Performance: Between October 24, 2012 and January 22, 2013, the stock price rose $7.11 (8.3%), from $85.67 to $92.78. It saw one of its worst periods between November 6, 2012 and November 15, 2012 when shares fell for eight straight days, dropping 8.8% (-$8.14) over that span.
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 23.6% over the last four quarters.
After experiencing income drops the past two quarters, the company is hoping to use this earnings announcement to rebound. Net income dropped 12.9% in the second quarter and then again in the third quarter.
Analyst Ratings: With 19 analysts rating the stock a buy, none rating it a sell and 12 rating the stock a hold, there are indications of a bullish stance by analysts.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.15 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. The company regressed in this liquidity measure from 2.56 in the second quarter to the last quarter driven in part by a decrease in current assets. Current assets decreased 15.6% to $5.44 billion while liabilities rose by 0.3% to $2.52 billion.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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