PerkinElmer Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component PerkinElmer, Inc. (NYSE:PKI) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. PerkinElmer provides technology, services, and solutions to the environmental monitoring, diagnostics, academic research, and safety security markets.

PerkinElmer, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 65 cents per share, a rise of 4.8% 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. Analysts are projecting profit to rise by 12.6% compared to last year’s $2.06.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 45 cents a share versus the estimate of net income of 44 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the third quarter, profit fell 16.2% to $29.6 million (26 cents a share) from $35.3 million (31 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 12.3% to $509.6 million from $453.7 million.

Here’s how PerkinElmer traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

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Stock Price Performance: Between November 27, 2012 and January 25, 2013, the stock price had risen $4.71 (15.2%), from $30.96 to $35.67. The stock price saw one of its best stretches over the last year between August 29, 2012 and September 7, 2012, when shares rose for seven straight days, increasing 6.5% (+$1.74) over that span. It saw one of its worst periods between August 21, 2012 and August 29, 2012 when shares fell for seven straight days, dropping 2.7% (-73 cents) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 4.2% in revenue from the year-earlier quarter to $578.1 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 14.9% in the fourth quarter of the last fiscal year, 14.1% in the first quarter and 8.8% in the second quarter before increasing again in the third quarter.

Analyst Ratings: With eight analysts rating the stock a buy, none rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.62 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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