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Stock Price Performance: Between November 29, 2012 and January 29, 2013, the stock price had fallen $10.23 (-13.7%), from $74.47 to $64.24. It saw one of its worst periods between August 21, 2012 and August 28, 2012 when shares fell for six straight days, dropping 2.8% (-$1.82) over that span. The stock price saw one of its best stretches over the last year between December 10, 2012 and December 17, 2012, when shares rose for six straight days, increasing 4.3% (+$2.82) over that span.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.01 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.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 73.5% in the first quarter and 4.7% in the second quarter before increasing again in the third quarter.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 15.4% in the fourth quarter of the last fiscal year, 13.1% in the first quarter and 12.5% in the second quarter before increasing again in the third quarter.
Analyst Ratings: With 14 analysts rating the stock a buy, one rating it a sell and eight rating the stock a hold, there are indications of a bullish stance by analysts.
Wall St. Revenue Expectations: On average, analysts predict $4.11 billion in revenue this quarter, no change from the year-ago quarter. Analysts are forecasting total revenue of $13.59 billion for the year, a rise of 7.6% from last year’s revenue of $12.63 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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