CVS Caremark Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CVS Caremark Corp (NYSE:CVS) will unveil its latest earnings on Wednesday, February 8, 2012. CVS Caremark provides prescriptions and related health care services and products.

CVS Caremark Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 89 cents per share, a rise of 11.2% 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. For the year, analysts are projecting profit of $2.80 per share, a rise of 4.1% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at net income of 70 cents a share versus the estimate of profit of 67 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 13.4% in revenue from the year-earlier quarter to $28.09 billion.

Analyst Ratings: Analysts are bullish on this stock with 19 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose 7.3% to $868 million (65 cents a share) from $809 million (59 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.7% to $26.67 billion from $23.88 billion.

Key Stats:

The increase in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit decreases. Net income dropped 0.6% in the second quarter, 7.5% in the first quarter and 2.3% in the fourth quarter of the last fiscal year.

Revenue has gone up for three straight quarters. It rose 10.9% in the second quarter from the year earlier and 8.9% in the first quarter.

Stock Price Performance: During November 4, 2011 to February 2, 2012, the stock price had risen $4.78 (12.6%) from $37.88 to $42.66. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 14, 2011 when shares rose for 10-straight days, rising 6.5% (+$2.14) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 4.7% (-$1.78) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com