CLARCOR Fourth Quarter Earnings Sneak Peek

CLARCOR Inc. (NYSE:CLC) will unveil its latest earnings tomorrow, Wednesday, January 16, 2013. Clarcor conducts its business in three industry segments: engine and mobile filtration, industrial and environmental filtration, and packaging.

CLARCOR Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 70 cents per share, a decline of 4.1% 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 0.4% versus last year to $2.41.

Past Earnings Performance: The company showed profit of 60 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates.

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A Look Back: In the third quarter, profit fell 5.6% to $30.3 million (60 cents a share) from $32.1 million (63 cents a share) the year earlier, missing analyst expectations. Revenue rose 0.7% to $286.7 million from $284.8 million.

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

CLARCOR

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.75 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 4.1 in the second quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 16% to $167.9 million while assets rose 6% to $629.1 million.

Analyst Ratings: There are mostly holds on the stock with six of nine analysts surveyed giving that rating.

Key Stats:

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 28.4% in the fourth quarter of the last fiscal year, 7.3% in the first quarter and 0.4% in the second quarter before declining in the third quarter.

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 1.3% in the second quarter after increasing in the third quarter.

Wall St. Revenue Expectations: Analysts are projecting a decline of 0.8% in revenue from the year-earlier quarter to $305.1 million.

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