Myers Industries Earnings: Your Sneak Peek to the Big Announcement

Myers Industries (NYSE:MYE) will report earnings before markets open on Thursday, July 18th. Myers Industries, Inc. manufactures plastic and rubber products for industrial, agricultural, automotive, commercial, and consumer markets. The Company’s products include plastic containers, rubber tire repair products, and custom rubber materials. Myers is also a wholesale distributor of tools, equipment, and supplies for the tire service and automotive underbody repair industry.

Here is your Cheat Sheet to Myers Industries Earnings:

Earnings Expectations: Analysts expect earnings of $0.21 per share on revenues of $198.15 million. Currently, the company’s P/E ratio stands at 20.04.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.26 and has not changed. For the current year, the average estimate is a profit of $1.03, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Myers Industries has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 868 702 738 756 791
Diluted EPS ($) -1.26 -0.02 -1.21 0.70 0.88

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 181.10 197.29 214.01 214.98
Diluted EPS ($) 0.17 0.17 0.25 0.23

Past Performance:
Myers Industries has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)