Snap On Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Snap On Inc. (NYSE:SNA) will unveil its latest earnings on Thursday, July 21, 2011. Snap-on Inc. is a global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions. Top Performing Stocks of the Week>>

Snap On Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.06 per share, a rise of 35.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.03. For the year, analysts are projecting profit of $4.20 per share, a rise of 34.2% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 7 cents, reporting net income of 96 cents per share against a mean estimate of profit of 89 cents per share.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $725.9 million in revenue this quarter, a rise of 12.1% from the year ago quarter. Analysts are forecasting total revenue of $2.87 billion for the year, a rise of 9.5% from last year’s revenue of $2.62 billion.

Analyst Ratings: The limited number of analysts covering the stock seem bullish with three analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 52.7% while it rose 58.2% in the fourth quarter of the last fiscal year and 83.1% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 14% to $719.5 million in first quarter. The figure rose 15% in the fourth quarter of the last fiscal year from the year earlier, climbed 14% in the third quarter of the last fiscal year from the year-ago quarter and 7.5% in the second quarter of the last fiscal year.

Competitors to Watch: The L.S. Starrett Company (NYSE:SCX), Stanley Black & Decker, Inc. (NYSE:SWK), Danaher Corp. (NYSE:DHR), The Home Depot, Inc. (NYSE:HD), Lowe’s (NYSE:LOW) and P & F Industries, Inc. (NASDAQ:PFIN).

Stock Price Performance: During June 16, 2011 to July 15, 2011, the stock price had risen $4.90 (8.6%) from $56.71 to $61.61. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven-straight days, rising 7.4% (+$4.18) over that span. It saw one of its worst periods between August 2, 2010 and August 12, 2010 when shares fell for nine-straight days, falling 9.3% (-$4.17) over that span. Shares are up $5.63 (+10.1%) year to date.

(Source: Xignite Financials)

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