Wall St. Revenue Expectations: On average, analysts predict $1.19 billion in revenue this quarter, a rise of 3.5% from the year-ago quarter. Analysts are forecasting total revenue of $4.97 billion for the year, a rise of 4.6% from last year’s revenue of $4.75 billion.
Analyst Ratings: With 10 analysts rating the stock a buy, none rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 41.5% in the fourth quarter of the last fiscal year and 21.3% in the first quarter before increasing again in the second quarter.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 11.5% in the third quarter of the last fiscal year, 12.6% in the fourth quarter of the last fiscal year and 8% in the first quarter before increasing again in the second quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.55 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.
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)