The Pep Boys – Manny, Moe & Jack (NYSE:PBY) will unveil its latest earnings on Monday, April 2, 2012. Pep Boys Manny Moe & Jack is engaged mainly in automotive repair and maintenance and in the sale of automotive tires, parts, and accessories through a chain of stores.
The Pep Boys – Manny, Moe & Jack Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 11 cents per share, a rise of more than twofold 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. Analysts are projecting profit to rise by 32.1% compared to last year’s 70 cents.
Past Earnings Performance: Last quarter, the company met expectations by reporting profit of 13 cents per share last quarter. In the previous second quarter, the company beat estimates by 3 cents.
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Wall St. Revenue Expectations: On average, analysts predict $502.5 million in revenue this quarter, a rise of 5.3% from the year-ago quarter. Analysts are forecasting total revenue of $2.05 billion for the year, a rise of 3% from last year’s revenue of $1.99 billion.
Analyst Ratings: Analysts seem relatively indifferent about Pep Boys – Manny, Moe & Jack with three of five analysts surveyed maintaining a hold rating.
A Look Back: In the third quarter, profit rose 22.6% to $7 million (13 cents a share) from $5.7 million (11 cents a share) the year earlier, meeting analyst expectations. Revenue rose 5.2% to $522.2 million from $496.4 million.
The company is looking to keep a positive earnings streak intact with this results announcement. Net income rose 3.5% in the first quarter and 31.6% in the second quarter before climbing again in the third quarter.
This earnings announcement is a chance to keep a positive top line trend going. Revenue rose 5.4% in the fourth quarter of the last fiscal year, 0.7% in the first quarter and 3.5% in the second quarter before climbing again in the third quarter.
Stock Price Performance: Between December 29, 2011 and March 27, 2012, the stock price rose $3.90 (35.4%), from $11.01 to $14.91. The stock price saw one of its best stretches over the last year between January 17, 2012 and February 1, 2012, when shares rose for 12 straight days, increasing 43.2% (+$4.53) over that span. It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight days, dropping 13.1% (-$1.50) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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