Pall Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Pall Corp (NYSE:PLL) will unveil its latest earnings on Wednesday, June 6, 2012. Pall supplies filtration, separation, and purification technologies for the removal of contaminants from a variety of liquids and gases.

Pall Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 79 cents per share, a rise of 9.7% 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 82 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 79 cents during the last month. For the year, analysts are projecting profit of $3.17 per share, a rise of 14.4% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 76 cents per share against the mean estimate of 74 cents. In the prior quarter, the company reported profit of 74 cents.

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Wall St. Revenue Expectations: On average, analysts predict $725.2 million in revenue this quarter, a rise of 2.2% from the year-ago quarter. Analysts are forecasting total revenue of $2.93 billion for the year, a rise of 6.9% from last year’s revenue of $2.74 billion.

Analyst Ratings: Optimism surrounds Pall, as three analysts rate it as a buy, two rate it as a sell, and four rate it as a hold.

A Look Back: In the second quarter, profit rose 12% to $84.7 million (72 cents a share) from $75.7 million (64 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.2% to $698 million from $645.2 million.

Key Stats:

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 15% in the fourth quarter of the last fiscal year and 16.5% in the first quarter before climbing again in the second quarter.

Stock Price Performance: Between March 6, 2012 and May 31, 2012, the stock price fell $4.21 (-7%), from $59.87 to $55.66. The stock price saw one of its best stretches over the last year between January 27, 2012 and February 9, 2012, when shares rose for 10 straight days, increasing 8.3% (+$4.85) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 6.9% (-$3.69) over that span.

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

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