Headwaters, Inc. Third Quarter Earnings Sneak Peek

Headwaters, Inc. (NASDAQ:HW) will unveil its latest earnings on Tuesday, August 2, 2011. Headwaters, Inc provides products, technologies and services in three industries: light building products, heavy construction materials and energy technology.

Headwaters, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of one cent per share, a swing from net income of 9 cents in the year earlier quarter. During the past three months, the average estimate has moved up from a loss of 2 cents.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net loss of 48 cents per share versus a mean estimate of a loss of 36 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $186.2 million in revenue this quarter, a decline of 3.1% from the year ago quarter. Analysts are forecasting total revenue of $668.1 million for the year, a rise of 2% from last year’s revenue of $654.7 million.

Analyst Ratings: Analysts are bullish on Headwaters as two analysts rate it as a buy, none rate it as a sell and two rate it as a hold.

Key Stats:

A year-over-year revenue decrease in the second quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 0.8% in the second quarter and rose 10.8%in the first quarter, 3.8% in the fourth quarter of the last fiscal year and 9.7% in the third quarter of the last fiscal year.

Competitors to Watch: PGT, Inc. (NASDAQ:PGTI), NCI Building Systems, Inc. (NYSE:NCS), Apogee Enterprises, Inc. (NASDAQ:APOG), Armstrong World Industries, Inc. (NYSE:AWI), Owens Corning (NYSE:OC), Griffon Corporation (NYSE:GFF), Patrick Industries, Inc. (NASDAQ:PATK).

Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had fallen $2.84 (-54.2%) from $5.24 to $2.40. The stock price saw one of its best stretches over the last year between December 31, 2010 and January 10, 2011 when shares rose for seven-straight days, rising 18.1% (+83 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 13, 2011 when shares fell for 10-straight days, falling 20.5% (-75 cents) over that span. Shares are down $2.18 (-47.6%) year to date.

(Source: Xignite Financials)

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