Calgon Carbon Corp (NASDAQ:CCC) will unveil its latest earnings on Tuesday, August 2, 2011. Calgon Carbon Corporation is globally engaged in services, products, and solutions for purifying water and air.
Calgon Carbon Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 21 cents per share, a rise of 5% 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 22 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 21 cents during the last month. For the year, analysts are projecting profit of 82 cents per share, a rise of 9.3% from last year.
Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported net income of 15 cents per share versus a mean estimate of 17 cents. Two quarters ago, it reported profit of 17 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $139.5 million in revenue this quarter, a rise of 12.9% from the year ago quarter. Analysts are forecasting total revenue of $555 million for the year, a rise of 15.1% from last year’s revenue of $482.3 million.
Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and five rating it as a hold.
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 18.8%, with the biggest boost coming in the most recent quarter when revenue rose 20.8% from the year earlier quarter.
While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 23.7% over the past four quarters. The quarter hit the hardest was the second quarter of the last fiscal year, that saw a 52.2% drop.
Competitors to Watch: Rockwood Holdings, Inc. (NYSE:ROC), Valhi, Inc. (NYSE:VHI), Kronos Worldwide, Inc. (NYSE:KRO), ensient Tech. Corp. (NYSE:SXT), TOR Minerals Int’l, Inc. (NASDAQ:TORM), Arch Chemicals, Inc. (NYSE:ARJ)..
Stock Price Performance: During May 31, 2011 to July 27, 2011, the stock price had fallen $2.07 (-12%) from $17.25 to $15.18. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 1, 2011 when shares rose for nine-straight days, rising 14.3% (+$2) over that span. It saw one of its worst periods between May 27, 2011 and June 6, 2011 when shares fell for six-straight days, falling 6.5% (-$1.12) over that span. Shares are up 6 cents (+0.4%) year to date.
(Source: Xignite Financials)