Acme United Corporation Second Quarter Earnings Sneak Peek

Acme United Corporation (AMEX:ACU) will unveil its latest earnings on Monday, July 18, 2011. Acme United Corporation is a worldwide supplier of innovative cutting, measuring and safety products to the school, home, office, hardware and industrial markets. Its operations are in the United States, Canada, Europe and Asia.

Acme United Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 55 cents per share, a rise of 14.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 50 cents. For the year, analysts are projecting profit of $1 per share, a rise of 28.2% from last year.

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Wall St. Revenue Expectations: On average, analysts predict $23.2 million in revenue this quarter, a rise of 12.8% from the year ago quarter. Analysts are forecasting total revenue of $72.1 million for the year, a rise of 14.1% from last year’s revenue of $63.1 million.

Key Stats:

The company has now seen net income fall in each of the last three quarters. In first quarter, net income fell 43.9% from the year earlier, while the figure fell 75.1% in the fourth quarter of the last fiscal year and 15.9% in the third quarter of the last fiscal year.

Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 9.8% to $14.4 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 0.5%.

Competitors to Watch: United Stationers Inc. (NASDAQ:USTR), Manutan International SA (NYSE:MAN), Staples (NASDAQ:SPLS), OfficeMax (NYSE:OMX), Office Depot (NYSE:ODP) and (NASDAQ:STMP).

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had risen 52 cents (5.7%) from $9.19 to $9.71. The stock price saw one of its best stretches over the last year between September 28, 2010, and October 6, 2010, when shares rose for seven-straight days, rising 9% (+88 cents) over that span. It saw one of its worst periods between July 30, 2010, and August 5, 2010, when shares fell for five-straight days, falling 4% (-41 cents) over that span. Shares are up 37 cents (+4%) year to date.

(Source: Xignite Financials)

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