Wall St. Revenue Expectations: Analysts predict a decline of 14.2% in revenue from the year-earlier quarter to $1.93 billion.
Analyst Ratings: With 13 analysts rating the stock a buy, two rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts.
After experiencing income drops the past three quarters, the company is hoping to use this earnings announcement to rebound. Net income fell 2.2% in the first quarter, by 28.1% in the second quarter and again in the third quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.48 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)