CLARCOR Inc. (NYSE:CLC) will unveil its latest earnings tomorrow, Wednesday, January 16, 2013. Clarcor conducts its business in three industry segments: engine and mobile filtration, industrial and environmental filtration, and packaging.
CLARCOR Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 70 cents per share, a decline of 4.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 0.4% versus last year to $2.41.
Past Earnings Performance: The company showed profit of 60 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates.
A Look Back: In the third quarter, profit fell 5.6% to $30.3 million (60 cents a share) from $32.1 million (63 cents a share) the year earlier, missing analyst expectations. Revenue rose 0.7% to $286.7 million from $284.8 million.
Here’s how CLARCOR traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: