Analyst Ratings: With 10 analysts rating the stock a buy, none rating it a sell and two 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 2.57 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 improved this liquidity measure from 2.54 in the second quarter to the last quarter driven in part by an increase in current assets. Current assets increased 2.2% to $3.28 billion while liabilities rose by 1.1% to $1.28 billion.
The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of 16.6% for the last four quarters.
On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 0% in the second quarter after increasing in the third quarter.
Wall St. Revenue Expectations: Analysts are projecting no change in revenue from the year-earlier quarter to $2 billion.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)