PSS World Medical Inc. Third Quarter Earnings Sneak Peek

PSS World Medical, Inc. (NASDAQ:PSSI) will unveil its latest earnings on Thursday, January 26, 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 39 cents per share, a rise of 11.4% 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 $1.44 per share, a rise of 9.1% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the second quarter, the company reported profit of 37 cents per share versus a mean estimate of net income of 37 cents per share. In the first quarter, the company beat estimates by 3 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.9% in revenue from the year-earlier quarter to $540 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 second quarter, profit rose 2.4% to $20 million (37 cents a share) from $19.6 million (35 cents a share) the year earlier, meeting analyst expectations. Revenue rose 5.2% to $521.8 million from $496.2 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 3.2% in the first quarter and 31.4% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 7.3% in the first quarter from the year earlier, climbed 10.6% in the fourth quarter of the last fiscal year from the year-ago quarter 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) and AmerisourceBergen Corp. (NYSE:ABC).

Stock Price Performance: During October 24, 2011 to January 20, 2012, the stock price had risen $2.34 (10.7%) from $21.86 to $24.20. 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.

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

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