PSS World Medical, Inc. First Quarter Earnings Sneak Peek

PSS World Medical, Inc. (NASDAQ:PSSI) will unveil its latest earnings on Thursday, July 28, 2011. PSS World Medical, Inc. 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 net income of 28 cents per share, a rise of 16.7% 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 30 cents. Between one and three months ago, the average estimate moved down and dropped from 29 cents during the last month. For the year, analysts are projecting profit of $1.48 per share, a rise of 12.1% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 38 cents per share versus a mean estimate of profit of 37 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $522.5 million in revenue this quarter, a rise of 9.1% from the year ago quarter. Analysts are forecasting total revenue of $2.18 billion for the year, a rise of 7.4% from last year’s revenue of $2.03 billion.

Analyst Ratings: Analysts are bullish on PSS World Medical as four analysts rate it as a buy, one rates it as a sell and three rate it as a hold.

Key Stats:

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 8.5%. The quarter with the biggest boost was the most recent quarter, which saw a 31.4% surge.

The company’s revenue has now risen for two straight quarters. In fourth quarter of the last fiscal year, revenue increased 10.6% to $549.7 million from the year earlier quarter. In the third quarter of the last fiscal year, the figure rose 1.5%.

Competitors to Watch: Henry Schein, Inc. (NASDAQ:HSIC), Chindex Intl., Inc. (NASDAQ:CHDX), Patterson Companies, Inc. (NASDAQ:PDCO), Owens & Minor, Inc. (NYSE:OMI), Lincare Holdings Inc. (NASDAQ:LNCR), Cardinal Health, Inc. (NYSE:CAH), AmerisourceBergen Corp. (NYSE:ABC).

Stock Price Performance: During June 21, 2011 to July 20, 2011, the stock price had risen $1.35 (5%) from $27.22 to $28.57. The stock price saw one of its best stretches over the last year between September 7, 2010 and September 20, 2010 when shares rose for 10-straight days, rising 9.9% (+$1.86) over that span. It saw one of its worst periods between August 18, 2010 and August 24, 2010 when shares fell for five-straight days, falling 4.9% (-96 cents) over that span. Shares are up $5.97 (+26.4%) year to date.

(Source: Xignite Financials)

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