Owens & Minor, Inc. Second Quarter Earnings Sneak Peek

Owens & Minor, Inc. (NASDAQ:OMI) will unveil its latest earnings on Monday, July 25, 2011. Owens & Minor, Inc. 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 estimate of analysts is for profit of 49 cents per share, a rise of 6.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 50 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 49 cents during the last month. For the year, analysts are projecting net income of $2.03 per share, a rise of 4.6% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 45 cents per share versus a mean estimate of net income of 47 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.11 billion in revenue this quarter, a rise of 4.5% from the year ago quarter. Analysts are forecasting total revenue of $8.52 billion for the year, a rise of 4.9% from last year’s revenue of $8.12 billion.

Analyst Ratings: Analysts seem relatively indifferent about Owens & Minor with eight of 10 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 7.8% to $2.12 billion in first quarter. The figure rose 1.5% in the fourth quarter of the last fiscal year from the year earlier, climbed 1.4% in the third quarter of the last fiscal year from the year-ago quarter and 0.3% in the second quarter of the last fiscal year.

The increase in profit in the first quarter breaks a streak of two consecutive quarters of year-over-year profit decreases. In the first quarter, net income rose 3.3%, while the figure dropped 32.6% in the fourth quarter of the last fiscal year and 9.2% in the third quarter of the last fiscal year.

Competitors to Watch: PSS World Medical, Inc. (NASDAQ:PSSI), Chindex Intl., Inc. (NASDAQ:CHDX), Henry Schein, Inc. (NASDAQ:HSIC), Patterson Companies, Inc. (NASDAQ:PDCO), Cardinal Health, Inc. (NYSE:CAH), McKesson Corporation (NYSE:MCK), AmerisourceBergen Corp. (NYSE:ABC) and Lincare Holdings Inc. (NASDAQ:LNCR),

Stock Price Performance: During April 21, 2011 to July 19, 2011, the stock price had risen $1.17 (3.5%) from $33.38 to $34.55. 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, rising 7.4% (+$2.45) over that span. It saw one of its worst periods between September 2, 2010 and September 14, 2010 when shares fell for eight-straight days, falling 4.3% (-$1.14) over that span. Shares are up $5.49 (+18.9%) year to date.

(Source: Xignite Financials)

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