PSS World Medical Fourth Quarter Earnings Sneak Peek

PSS World Medical, Inc. (NASDAQ:PSSI) will unveil its latest earnings on Thursday, May 10, 2012. PSS World Medical is a national distributor of medical products and equipment, pharmaceutical products, healthcare information technology, and billing services to alternate-site healthcare providers.

PSS World Medical, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 43 cents per share, a rise of 13.2% from the company’s actual earnings for the same quarter a year ago. 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 $1.43 per share, a rise of 8.3% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at profit of 38 cents per share against a mean estimate of net income of 39 cents. The company fell in line with expectations in the second quarter.

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Wall St. Revenue Expectations: Analysts predict a rise of 1.2% in revenue from the year-earlier quarter to $556 million.

Analyst Ratings: With three analysts rate analysts rating the stock a buy, one rates rating it as a sell, and three rate rating it a hold, analysts are bullish on the stock.

A Look Back: In the third quarter, profit rose 3% to $20.1 million (38 cents a share) from $19.5 million (35 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 3.5% to $527.7 million from $510.1 million.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 3.2% in the first quarter and 2.4% in the second quarter before increasing again in the third quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 10.6% in the fourth quarter of the last fiscal year, 7.3% in the first quarter and 5.2% in the second quarter before increasing again in the third quarter.

Stock Price Performance: Between April 5, 2012 and May 4, 2012, the stock price dropped $1.57 (-6.3%), from $24.93 to $23.36. The stock price saw one of its best stretches over the last year between June 29, 2011 and July 7, 2011, when shares rose for six straight days, increasing 3.6% (+$1) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight days, dropping 21.2% (-$6.07) over that span.

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

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