Owens & Minor Inc. First Quarter Earnings Sneak Peek

Owens & Minor, Inc. (NYSE:OMI) will unveil its latest earnings on Monday, April 23, 2012. Owens & Minor is a distributor of medical and surgical supplies to the acute-care market and a healthcare supply-chain management company.

Owens & Minor, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 48 cents per share, a rise of 6.7% from the company’s actual earnings for the year-ago quarter. 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 net income of $2.07 per share, a rise of 6.7% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 5 cents, reporting profit of 51 cents per share against a mean estimate of net income of 46 cents. In the third quarter of the last fiscal year, the company exceeded forecasts by 2 cents with profit of 53 cents versus a mean estimate of net income of 51 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.7% in revenue from the year-earlier quarter to $2.22 billion.

Analyst Ratings: Analysts seem relatively indifferent about Owens & Minor with six of eight analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 9.9% to $23.9 million (37 cents a share) from $21.8 million (35 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.1% to $2.2 billion from $2.07 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 7.8% in the first quarter of the last fiscal year, 5.5% in the second quarter of the last fiscal year and 5.5% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of 4.5% for the last four quarters.

Stock Price Performance: Between February 17, 2012 and April 17, 2012, the stock price had fallen 80 cents (-2.6%), from $30.46 to $29.66. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 7.4% (+$2.39) over that span. It saw one of its worst periods between November 11, 2011 and November 25, 2011 when shares fell for 10 straight days, dropping 9.2% (-$2.81) over that span.

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

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