CLARCOR, Inc. Second Quarter Earnings Sneak Peek

CLARCOR, Inc. (NYSE:CLC) will unveil its latest earnings on Tuesday, June 14, 2011. Clarcor Inc conducts its business in three industry segments: engine & mobile filtration, industrial & environmental filtration and packaging.

CLARCOR, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating net income of 56 cents per share, a rise of 19.1% from the same quarter a year ago. Estimates range from profit of 56 cents per share to net income of 58 cents per share. Over the past three months, the consensus estimate has moved up from 54 cents. The consensus estimate is unchanged from a month ago. For the year, analysts are projecting profit of $2.30 per share, a rise of 22.3% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 43 cents per share, and the previous quarter, it had profit of 57 cents.

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Wall St. Revenue Expectations: On average, analysts predict $282.8 million in revenue this quarter, a rise of 9.7% from the year ago quarter. Analysts are forecasting total revenue of $1.12 billion for the year, from last year’s revenue of $1.01 billion.

Analyst Ratings: Analysts seem relatively indifferent about CLARCOR with four of six analysts surveyed maintaining a hold rating.

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past four quarters. Over that span, the company has averaged growth of 14.6%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 17.6% from the year earlier quarter.

The company has now seen net income rise in three-straight quarters. In the first quarter of the last fiscal year, net income rose 17.5% and in the fourth quarter of the last fiscal year, the figure rose 33.1%.

Competitors to Watch: Pall Corporation (NYSE:PLL), ESCO Technologies Inc. (NYSE:ESE), PMFG Inc (NASDAQ:PMFG), Ball Corporation (NYSE:BLL), Illinois Tool Works Inc. (NYSE:ITW), Silgan Holdings Inc. (NASDAQ:SLGN), Federal-Mogul Corporation (NASDAQ:FDML), General Electric (NYSE:GE), 3M (NYSE:MMM), Danaher (NYSE:DHR), Thermo Fisher (NYSE:TMO),  and Crown Holdings, Inc. (NYSE:CCK).

Recent Price Movement: From a month ago, the stock price has dropped $4.04 (9%) from $45.15 on May 10, 2011 to $40.931 on June 8, 2011.

(Sources: YahooFinance and Xignite Financials)

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