Spartan Stores, Inc. First Quarter Earnings Sneak Peek

Spartan Stores, Inc. (NASDAQ:SPTN) will unveil its latest earnings on Wednesday, July 27, 2011. Spartan Stores, Inc. is a regional grocery distributor and grocery retailer, operating mainly in Michigan and Indiana. It operates two reportable business segments: Distribution and Retail.

Spartan Stores, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 30 cents per share, a rise of 3.4% 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 35 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 30 cents during the last month. For the year, analysts are projecting profit of $1.50 per share, a rise of 3.4% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 34 cents per share versus a mean estimate of 29 cents. Two quarters ago, it reported profit of 26 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $589.4 million in revenue this quarter, a rise of 2.1% from the year ago quarter. Analysts are forecasting total revenue of $2.64 billion for the year, a rise of 4.3% from last year’s revenue of $2.53 billion.

Analyst Ratings: Analysts are bullish on this stock with three analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the fourth quarter of the last fiscal year, net income rose more than twofold while it rose 45.3% in the third quarter of the last fiscal year and 7.7% in the second quarter of the last fiscal year.

A year-over-year revenue increase in the fourth quarter of the last fiscal year snaps a streak of three consecutive quarters of revenue declines. Revenue rose 2.3% in the fourth quarter of the last fiscal year and fell 0.6% in the third quarter of the last fiscal year, 1.3% in the second quarter of the last fiscal year and 3.2% in the first quarter of the last fiscal year.

Competitors to Watch: Nash-Finch Company (NASDAQ:NAFC), SYSCO Corporation (NYSE:SYY), United Natural Foods, Inc. (NASDAQ:UNFI), AMCON Distributing Co. (AMEX:DIT), Core-Mark Holding Co., Inc. (NASDAQ:CORE), SUPERVALU INC. (NYSE:SVU), G. Willi-Food Intl. Ltd. (NASDAQ:WILC), The Kroger Co. (NYSE:KR), and Weis Markets, Inc. (NYSE:WMK).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had risen $5.93 (41.1%) from $14.44 to $20.37. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 11.9% (+$2.23) over that span. It saw one of its worst periods between January 12, 2011 and January 25, 2011 when shares fell for nine-straight days, falling 8.3% (-$1.34) over that span. Shares are up $3.54 (+21%) year to date.

(Source: Xignite Financials)

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