Mead Johnson Nutrition Company Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Mead Johnson Nutrition Company (NYSE:MJN) will unveil its latest earnings on Thursday, July 28, 2011. Mead Johnson Nutrition Company provides of pediatric nutrition and related products.

Mead Johnson Nutrition Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 69 cents per share, a rise of 7.8% 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 66 cents. Between one and three months ago, the average estimate moved up, and has risen from 68 cents during the last month. For the year, analysts are projecting profit of $2.72 per share, a rise of 12.4% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 76 cents per share against a mean estimate of profit of 71 cents, and the quarter before, the company exceeded forecasts by one cent with net income of 57 cents versus a mean estimate of profit of 56 cents.

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Wall St. Revenue Expectations: On average, analysts predict $878.7 million in revenue this quarter, a rise of 15% from the year ago quarter. Analysts are forecasting total revenue of $3.56 billion for the year, a rise of 13.4% from last year’s revenue of $3.14 billion.

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

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 16.3% while it rose 55.6% in the fourth quarter of the last fiscal year and 8.7% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 17.9% to $899.8 million in first quarter. The figure rose 12.5% in the fourth quarter of the last fiscal year from the year earlier, climbed 15.8% in the third quarter of the last fiscal year from the year-ago quarter and 6.2% in the second quarter of the last fiscal year.

Competitors to Watch: Synutra Intl., Inc. (NASDAQ:SYUT), Feihe International Inc (NYSE:ADY), Wimm-Bill-Dann Foods OJSC (NYSE:WBD), Dean Foods Company (NYSE:DF), Total Nutraceutical Solutions (TNUS), and Lifeway Foods, Inc. (NASDAQ:LWAY).

Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had risen $7.91 (13%) from $61.04 to $68.95. The stock price saw one of its best stretches over the last year between June 22, 2011 and July 5, 2011 when shares rose for nine-straight days, rising 7.5% (+$4.85) over that span. It saw one of its worst periods between January 21, 2011 and February 2, 2011 when shares fell for nine-straight days, falling 6.7% (-$4.10) over that span. Shares are up $7.23 (+11.7%) year to date.

(Source: Xignite Financials)

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