The Pep Boys Second Quarter Earnings Sneak Peek

The Pep Boys – Manny, Moe & Jack (NYSE:PBY) will unveil its latest earnings on Tuesday, September 6, 2011. Pep Boys Manny Moe & Jack and subsidiaries 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 profit of 19 cents per share, a rise of 5.6% 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 25 cents. Between one and three months ago, the average estimate moved down and dropped from 21 cents during the last month. For the year, analysts are projecting net income of 70 cents per share, a rise of 32.1% from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 23 cents per share against an estimate of net income of 30 cents per share. The quarter before that, it missed expectations by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $528.4 million in revenue this quarter, a rise of 4.7% from the year ago quarter. Analysts are forecasting total revenue of $2.07 billion for the year, a rise of 4% from last year’s revenue of $1.99 billion.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, one rating it as a sell and one 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 3.5% while it rose more than threefold in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 0.7% to $513.5 million in first quarter. The figure rose 5.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 5% in the third quarter of the last fiscal year from the year-ago quarter and 3.3% in the second quarter of the last fiscal year.

Competitors to Watch: Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY), AutoZone (NYSE:AZO), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), Ford Motor Company (NYSE:F), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).

Stock Price Performance: During June 7, 2011 to August 31, 2011, the stock price had fallen $1.29 (-11.5%) from $11.17 to $9.88. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 5, 2011 when shares rose for seven-straight days, rising 11.7% (+$1.42) over that span. It saw one of its worst periods between March 8, 2011 and March 18, 2011 when shares fell for nine-straight days, falling 13.6% (-$1.65) over that span. Shares are down $3.45 (-25.9%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

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