CLARCOR, Inc. Third Quarter Earnings Sneak Peek

CLARCOR, Inc. (NYSE:CLC) will unveil its latest earnings on Wednesday, September 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 estimate of analysts is for profit of 66 cents per share, a rise of 20% 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 62 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at 66 cents during the last month. For the year, analysts are projecting net income of $2.41 per share, a rise of 28.2% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting profit of 64 cents per share against a mean estimate of net income of 56 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $296.3 million in revenue this quarter, a rise of 12.7% from the year ago quarter. Analysts are forecasting total revenue of $1.14 billion for the year, a rise of 12.9% from last year’s revenue of $1.01 billion.

Analyst Ratings: Analysts are bullish on CLARCOR as three analysts rate it as a buy, none rate it as a sell and three rate it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

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 14.5%, 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 second quarter, net income rose 37.4% while it rose 47.2% in the first quarter and 17.5% in the fourth quarter of the last fiscal year.

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), Crown Holdings, Inc. (NYSE:CCK), and Bway Holding Company (BWY).

Stock Price Performance: During August 10, 2011 to September 8, 2011, the stock price had risen $4.89 (12.2%) from $40.09 to $44.98. The stock price saw one of its best stretches over the last year between March 10, 2011 and March 22, 2011 when shares rose for nine-straight days, rising 6.8% (+$2.81) over that span. It saw one of its worst periods between April 5, 2011 and April 13, 2011 when shares fell for seven-straight days, falling 4.6% (-$2.08) over that span. Shares are up $2.39 (+5.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.