S&P 500 (NYSE:SPY) component Paccar (NASDAQ:PCAR) will unveil its latest earnings on Tuesday, July 24, 2012. PACCAR is a technology company that designs and manufactures light, medium, and heavy duty commercial trucks and related aftermarket parts.
Paccar Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 82 cents per share, a rise of 26.2% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 83 cents during the last month. For the year, analysts are projecting profit of $3.33 per share, a rise of 16.4% from last year.
Past Earnings Performance: Last quarter, the company reported net income of 91 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.
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A Look Back: In the first quarter, profit rose 69.3% to $327.3 million (91 cents a share) from $193.3 million (53 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 37.5% to $4.51 billion from $3.28 billion.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.17 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.
Wall St. Revenue Expectations: Analysts are projecting a rise of 14.3% in revenue from the year-earlier quarter to $4.23 billion.
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 56.1% over the last four quarters.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose more than twofold in the third quarter of the last fiscal year and 93% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Stock Price Performance: Between April 23, 2012 and July 18, 2012, the stock price fell $4.34 (-10.3%), from $41.95 to $37.61. The stock price saw one of its best stretches over the last year between January 6, 2012 and January 19, 2012, when shares rose for nine straight days, increasing 9.4% (+$3.77) over that span. It saw one of its worst periods between November 11, 2011 and November 23, 2011 when shares fell for nine straight days, dropping 13.2% (-$5.61) over that span.
Analyst Ratings: There are mostly holds on the stock with nine of 14 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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