PSS World Medical Inc. Second Quarter Earnings Sneak Peek

PSS World Medical, Inc. (NASDAQ:PSSI) will unveil its latest earnings on Thursday, October 27, 2011. 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 net income of 37 cents per share, a rise of 5.7% 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 38 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 9.1% versus last year to $1.44.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 25 cents per share versus a mean estimate of net income of 28 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.8% in revenue from the year-earlier quarter to $530 million.

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

A Look Back: In the first quarter, profit rose 3.2% to $14.2 million (25 cents a share) from $13.8 million (24 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 7.3% to $513.7 million from $478.9 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 31.4% in the fourth quarter of the last fiscal year and 9.1% in the third quarter of the last fiscal year.

Revenue has gone up for three straight quarters. It rose 10.6% in the fourth quarter of the last fiscal year from the year earlier and 1.5% in the third quarter of the last fiscal year.

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 July 28, 2011 to October 21, 2011, the stock price had fallen $3.15 (-13%) from $24.30 to $21.15. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 6.3% (+$1.70) 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, falling 21.2% (-$6.07) over that span. Shares are down $1.45 (-6.4%) year to date.

(Source: Xignite Financials)

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