CORRECTION: Cass Information Systems, Inc Second Quarter Earnings Preview

Cass Information Systems, Inc (NASDAQ:CASS) will unveil its latest earnings on Monday, July 18, 2011. Cass Information Systems provides payment and information processing services to manufacturing, distribution and retail enterprises.

Cass Information Systems, Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 63 cents per share, a rise of 21.2% 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 50 cents. For the year, analysts are projecting profit of $2.45 per share, a rise of 14% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported net income of 60 cents per share versus a mean estimate of 50 cents. Two quarters ago, it reported profit of 54 cents per share.

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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 11.7%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 13.1% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 20.4% while it rose 20.2% in the fourth quarter of the last fiscal year and 29.2% in the third quarter of the last fiscal year.

Competitors to Watch: Total System Services, Inc. (NYSE:TSS), Wright Express Corporation (NYSE:WXS), Heartland Payment Systems, Inc. (NYSE:HPY), Euronet Worldwide, Inc. (NASDAQ:EEFT), Global Axcess Corp. (GAXC), Anacomp, Inc. (ANCPA), BPO Management Services, Inc. (HAXS), OneLink Corporation (OLNK), Newtek Business Services, Inc (NASDAQ:NEWT), and Fiserv, Inc. (NASDAQ:FISV).

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had fallen $1.35 (-3.5%) from $38.53 to $37.18. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 10, 2010 when shares rose for nine-straight days, rising 14% (+$4.88) over that span. It saw one of its worst periods between October 22, 2010 and November 1, 2010 when shares fell for seven-straight days, falling 6.8% (-$2.42) over that span. Shares are down 45 cents (-1.2%) year to date.

(Source: Xignite Financials)

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