Cabelas Inc (NYSE:CAB) will unveil its latest earnings on Thursday, July 26, 2012. Cabela’s is a specialty retailer and a direct marketer of hunting, fishing, camping, and related outdoor merchandise.
Cabelas Inc Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 39 cents per share, a rise of 21.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 38 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 39 cents during the last month. Analysts are projecting profit to rise by 23.6% versus last year to $2.62.
Past Earnings Performance: Last quarter, the company beat estimates by 7 cents, coming in at profit of 40 cents a share versus the estimate of net income of 33 cents a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the first quarter, profit rose 62.1% to $28.8 million (40 cents a share) from $17.8 million (25 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.3% to $623.5 million from $586.7 million.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 4.08 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.
Stock Price Performance: From June 21, 2012 to July 20, 2012, the stock price rose $3.32 (9.1%), from $36.51 to $39.83. The stock price saw one of its best stretches over the last year between July 12, 2012 and July 19, 2012, when shares rose for six straight days, increasing 5.9% (+$2.27) over that span. It saw one of its worst periods between June 20, 2012 and June 28, 2012 when shares fell for seven straight days, dropping 7.7% (-$2.92) over that span.
After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 68.7% in the third quarter of the last fiscal year and 5.3% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 6.9% in the second quarter of the last fiscal year, 5.5% in the third quarter of the last fiscal year and 5.3% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Wall St. Revenue Expectations: Analysts are projecting a rise of 7.9% in revenue from the year-earlier quarter to $606.3 million.
Analyst Ratings: With seven analysts rating the stock a buy, none rating it a sell and two 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)
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