Owens & Minor, Inc. Third Quarter Earnings Sneak Peek

Owens & Minor, Inc. (NYSE:OMI) will unveil its latest earnings on Monday, October 24, 2011. 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 estimate of analysts is for profit of 51 cents per share, a rise of 2% 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 53 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 51 cents during the last month. For the year, analysts are projecting net income of $1.97 per share, a rise of 1.5% from last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 46 cents per share against an estimate of net income of 49 cents per share. The quarter before that, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.9% in revenue from the year-earlier quarter to $2.16 billion.

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

A Look Back: In the second quarter, profit fell 1% to $29.2 million (46 cents a share) from $29.5 million (46 cents a share) the year earlier, missing analyst expectations. Revenue rose 5.5% to $2.13 billion from $2.02 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 7.8% in the first quarter from the year earlier, climbed 1.5% in the fourth quarter of the last fiscal year from the year-ago quarter and 1.4% in the third quarter of the last fiscal year.

While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 9.9% over the past four quarters. The quarter hit the hardest was the fourth quarter of the last fiscal year, that saw a 32.6% drop.

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), Lincare Holdings Inc. (NASDAQ:LNCR), and White Dental Supply Inc (WITD).

Stock Price Performance: During August 22, 2011 to October 18, 2011, the stock price had risen $3.35 (12.4%) from $27.10 to $30.45. 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% (+$2.43) over that span. It saw one of its worst periods between August 15, 2011 and August 19, 2011 when shares fell for five-straight days, falling 7.3% (-$2.13) over that span. Shares are up $1.60 (+5.5%) year to date.

(Source: Xignite Financials)

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