S&P 500 (NYSE:SPY) component FLIR Systems, Inc. (NASDAQ:FLIR) will unveil its latest earnings on Thursday, July 26, 2012. FLIR Systems designs and manufactures thermal imaging systems used for a variety of applications in commercial, industrial and government markets across the globe.
FLIR Systems, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 28 cents per share, a decline of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 40 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 37 cents during the last month. Analysts are projecting profit to rise by 8.2% compared to last year’s $1.45.
Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of 31 cents per share versus a mean estimate of profit of 33 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 4 cents.
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Stock Price Performance: Between April 25, 2012 and July 20, 2012, the stock price fell $4.16 (-17.9%), from $23.29 to $19.13. The stock price saw one of its best stretches over the last year between February 13, 2012 and February 21, 2012, when shares rose for six straight days, increasing 4.5% (+$1.10) over that span. It saw one of its worst periods between March 26, 2012 and April 10, 2012 when shares fell for 11 straight days, dropping 8.7% (-$2.26) over that span.
Wall St. Revenue Expectations: Analysts are projecting a decline of 10.8% in revenue from the year-earlier quarter to $347.7 million.
A Look Back: In the first quarter, profit fell 6.2% to $48.1 million (31 cents a share) from $51.3 million (32 cents a share) the year earlier, missing analyst expectations. Revenue fell 6.7% to $348.5 million from $373.5 million.
The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 2.8% in the third quarter of the last fiscal year and 9% in the fourth quarter of the last fiscal year before dropping in the first quarter.
On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 6.7% in the fourth quarter of the last fiscal year and dropped again in the first quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 5.99 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.
Analyst Ratings: There are mostly holds on the stock with five of nine analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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