CR Bard Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CR Bard (NYSE:BCR) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. C.R. Bard designs, makes, and sells diagnostic, medical, surgical, and patient care devices.

CR Bard Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.67 per share, a decline of 1.8% 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 2.2% compared to last year’s $6.54.

Last quarter, the company came in at profit of $1.64 per share against a mean estimate of net income of $1.63 per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 2 cents.

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Analyst Ratings: There are mostly holds on the stock with 10 of 18 analysts surveyed giving that rating.

Wall St. Revenue Expectations: Analysts are projecting a rise of 0.7% in revenue from the year-earlier quarter to $757.5 million.

A Look Back: In the third quarter, profit fell 0.6% to $129.3 million ($1.50 a share) from $130.1 million ($1.46 a share) the year earlier, but exceeded analyst expectations. Revenue rose 0.5% to $722.9 million from $719.2 million.

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

bcr

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 4.9% in the fourth quarter of the last fiscal year, 4.2% in the first quarter and 2.4% in the second quarter before increasing again in the third quarter.

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