Spartan Stores, Inc. Second Quarter Earnings Sneak Peek

Spartan Stores, Inc. (NASDAQ:SPTN) will unveil its latest earnings on Wednesday, October 19, 2011. Spartan Stores is a regional grocery distributor and grocery retailer, operating mainly in Michigan and Indiana.

Spartan Stores, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 49 cents per share, a decline of 2% 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 51 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 50 cents during the last month. For the year, analysts are projecting profit of $1.48 per share, a rise of 2.1% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 5 cents, coming in at net income of 29 cents per share against a mean estimate of profit of 30 cents. The company topped expectations in the fourth quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $622.8 million in revenue this quarter, a rise of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $2.67 billion for the year, a rise of 5.5% 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 one rating it as a hold.

A Look Back: In the first quarter, profit rose 0.7% to $6 million (26 cents a share) from $6 million (26 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 4.4% to $602.6 million from $577.2 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the fourth quarter of the last fiscal year and 45.3% in the third quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the fourth quarter of the last fiscal year, the figure rose 2.3%.

Competitors to Watch: Nash-Finch Company (NASDAQ:NAFC), SYSCO Corporation (NYSE:SYY), United Natural Foods, Inc. (NASDAQ:UNFI), AMCON Distributing Co. (AMEX:DIT), Synergy Brands, Inc. (SYBR), 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 July 20, 2011 to October 13, 2011, the stock price had fallen $4.19 (-20.4%) from $20.49 to $16.30. 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% (+$2.22) 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% (-$1.33) over that span. Shares are down 47 cents (-2.8%) year to date.

(Source: Xignite Financials)

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