Aaron’s, Inc. Third Quarter Earnings Sneak Peek

Aaron’s, Inc. (NYSE:AAN) will unveil its latest earnings on Monday, October 24, 2011. Aaron’s is engaged in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories.

Aaron’s, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 38 cents per share, a rise of 18.8% 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 39 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 38 cents during the last month. Analysts are projecting profit to rise by 23.6% versus last year to $1.78.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the second quarter, the company reported profit of 41 cents per share versus a mean estimate of net income of 41 cents per share. In the first quarter, the company beat estimates by 4 cents.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Wall St. Revenue Expectations: Analysts are projecting a rise of 6.8% in revenue from the year-earlier quarter to $483 million.

Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the second quarter, profit fell 55.8% to $10.8 million (13 cents a share) from $24.4 million (30 cents a share) the year earlier, meeting analyst expectations. Revenue rose 8.5% to $482.7 million from $445 million.

Key Stats:

The decrease in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 20.1% in the first quarter, 22.8% in the fourth quarter of the last fiscal year and 6.3% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 7.6% in the first quarter from the year earlier, climbed 8.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 8.9% in the third quarter of the last fiscal year.

Competitors to Watch: Rent-A-Center, Inc (NASDAQ:RCII), AeroCentury Corp. (AMEX:ACY), McGrath RentCorp (NASDAQ:MGRC), CONN’S, Inc. (NASDAQ:CONN), Best Buy Co., Inc. (NYSE:BBY), Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), GameStop Corp. (NYSE:GME), and RadioShack Corporation (NYSE:RSH).

Stock Price Performance: During August 22, 2011 to October 18, 2011, the stock price had risen $2.85 (11.6%) from $24.62 to $27.47. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 6.7% (+$1.81) over that span. It saw one of its worst periods between July 19, 2011 and July 29, 2011 when shares fell for nine-straight days, falling 6.7% (-$1.80) over that span. Shares are up $7.11 (+34.9%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.