BE Aerospace Fourth Quarter Earnings Sneak Peek

BE Aerospace, Inc. (NASDAQ:BEAV) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. BE Aerospace is a manufacturer of cabin interior products for commercial aircraft and business jets and a distributor of aerospace fasteners and consumables.

BE Aerospace, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 72 cents per share, a rise of 20% from the company’s actual earnings for the same quarter a year ago. 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 24.2% versus last year to $2.82.

Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at profit of 74 cents a share versus the estimate of net income of 70 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the third quarter, profit fell 71.7% to $18.5 million (18 cents a share) from $65.4 million (64 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 20.6% to $766.7 million from $636 million.

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

beav

Wall St. Revenue Expectations: Analysts predict a rise of 18% in revenue from the year-earlier quarter to $772.8 million.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.41 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. The company regressed in this liquidity measure from 3.75 in the second quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 13.9% to $793.1 million while assets rose 3.6% to $2.7 billion.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 23% over the last four quarters.

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 83.7% in the fourth quarter of the last fiscal year, 36.8% in the first quarter and 29.9% in the second quarter before declining in the third quarter.

Analyst Ratings: With 12 analysts rating the stock a buy, none rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)