Bemis Company, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Bemis Company, Inc. (NYSE:BMS) will unveil its latest earnings on Wednesday, July 27, 2011. Bemis Company, Inc. is a manufacturer of flexible packaging products and pressure-sensitive materials for customers worldwide.

Bemis Company, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 50 cents per share, a decline of 13.8% 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 62 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 50 cents during the last month. For the year, analysts are projecting profit of $2.19 per share, a rise of 3.3% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net income of 47 cents per share versus a mean estimate of profit of 52 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.37 billion in revenue this quarter, a rise of 7.9% from the year ago quarter. Analysts are forecasting total revenue of $5.38 billion for the year, a rise of 11.2% from last year’s revenue of $4.84 billion.

Analyst Ratings: Analysts are bullish on Bemis Company as four analysts rate it as a buy, two rate it as a sell and four rate it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 39.5%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 46.6% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 66.4% while it rose more than twofold in the fourth quarter of the last fiscal year and 71.4% in the third quarter of the last fiscal year.

Competitors to Watch: Sonoco Products Company (NYSE:SON), Sealed Air Corp. (NYSE:SEE), Rock-Tenn Company (NYSE:RKT), AptarGroup, Inc. (NYSE:ATR) and Can Tho Sadico Joint Stock Corp (NYSE:SDG).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had risen $2.05 (6.4%) from $32.09 to $34.14. 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 6.1% (+$1.95) over that span. It saw one of its worst periods between December 27, 2010 and January 4, 2011 when shares fell for seven-straight days, falling 2.6% (-85 cents) over that span. Shares are up $1.96 (+6.1%) year to date.

(Source: Xignite Financials)

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