Steris Corp Second Quarter Earnings Sneak Peek

Steris Corp (NYSE:STE) will unveil its latest earnings on Wednesday, November 2, 2011. STERIS is a provider of infection prevention and surgical products and services, focused mainly on the critical markets of healthcare, pharmaceutical and research.

Steris Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 57 cents per share, a rise of 3.6% 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 $2.32 per share, a rise of 5.9% from last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 48 cents per share against an estimate of net income of 50 cents per share. The quarter before that, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $333.6 million in revenue this quarter, a rise of 6.8% from the year ago quarter. Analysts are forecasting total revenue of $1.41 billion for the year, a rise of 16.5% from last year’s revenue of $1.21 billion.

Analyst Ratings: Analysts seem relatively indifferent about Steris with four of seven analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, the company swung to a profit of $28.7 million (48 cents a share) from a loss of $45.2 million (76 cents) a year earlier, but missed analyst estimates. Revenue rose 68.6% to $318.6 million from $189 million.

Key Stats:

Revenue has gone up for three straight quarters. It rose 13.7% in the fourth quarter of the last fiscal year from the year earlier and 0.1% in the third quarter of the last fiscal year.

Competitors to Watch: Stryker Corporation (NYSE:SYK), Cantel Medical Corp. (NYSE:CMN), Medical Action Industries (NASDAQ:MDCI), Kinetic Concepts, Inc. (NYSE:KCI), Invacare Corporation (NYSE:IVC), Becton, Dickinson and Co. (NYSE:BDX), Hill-Rom Holdings, Inc. (NYSE:HRC), Patient Safety Tech. Inc (PSTX), Thermo Fisher Scientific Inc. (NYSE:TMO), and Winner Medical Group, Inc (NASDAQ:WWIN).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen $3.20 (11%) from $29.06 to $32.26. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 7.1% (+$2.36) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 9.9% (-$3.08) over that span. Shares are down $3.67 (-10.2%) year to date.

(Source: Xignite Financials)

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