Mead Johnson Nutrition Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Mead Johnson Nutrition (NYSE:MJN) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Mead Johnson Nutrition provides pediatric nutrition and related products which help improve the health and development of infants and children around the world.

Mead Johnson Nutrition Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 68 cents per share, a rise of 30.8% 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 was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 9% versus last year to $3.04.

Past Earnings Performance: Last quarter, the company missed estimates by one cent, coming in at profit of 71 cents per share versus a mean estimate of net income of 72 cents per share. In the first quarter, the company beat estimates by 6 cents.

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A Look Back: In the second quarter, profit rose 25.5% to $165.8 million (81 cents a share) from $132.1 million (64 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 8.6% to $1.01 billion from $932 million.

Here’s how Mead Johnson Nutrition traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: