Cintas Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cintas Corp (NASDAQ:CTAS) will unveil its latest earnings on Tuesday, July 19, 2011. Cintas Corporation provides highly specialized products and services to businesses of all types mainly throughout the United States and Canada.

Cintas Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 44 cents per share, a rise of 25.7% 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 43 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting net income of $1.63 per share, a rise of 9.4% from last year.

Past Earnings Performance: The company will look to avoid falling below estimates this quarter after beating forecasts last quarter. Last quarter, it beat expectations as it reported profit of 41 cents versus a mean estimate of net income of 36 cents.

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Wall St. Revenue Expectations: On average, analysts predict $967.3 million in revenue this quarter, a rise of 6.4% from the year ago quarter. Analysts are forecasting total revenue of $3.77 billion for the year, a rise of 6.2% from last year’s revenue of $3.55 billion.

Analyst Ratings: Analysts are bullish on Cintas as four analysts rate it as a buy, three rate it as a sell and five rate it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 8.8% to $937.8 million in third quarter. The figure rose 5.9% in the second quarter from the year earlier, climbed 3.6% in the first quarter from the year-ago quarter and 3.5% in the fourth quarter of the last fiscal year.

The increase in profit in the third quarter comes after net income fell in the previous quarter. In the third quarter, net income rose 20.6% to $59.1 million. In the second quarter, net income fell 2.3%.

Competitors to Watch: SRI/Surgical Express, Inc. (NASDAQ:STRC), G&K Services, Inc. (NASDAQ:GKSR), UniFirst Corporation (NYSE:UNF), Healthcare Services Group, Inc. (NASDAQ:HCSG) and ABM Industries, Inc. (NYSE:ABM).

Stock Price Performance: During July 7, 2011 to July 14, 2011, the stock price had dropped $2.90 (-8%) from $34.12 to $31.22. Shares have been on an upward streak of late, closing up every day between July 7, 2011 and July 13, 2011. It saw one of its worst periods between September 7, 2010, and September 15, 2010, when shares fell for seven-straight days, falling 4.1% (-$1.12) over that span. Shares are up $3.26 (+11.6%) year to date.

(Source: Xignite Financials)

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