The St. Joe Company Second Quarter Earnings Sneak Peek

The St. Joe Company (NYSE:JOE) will unveil its latest earnings on Thursday, August 2, 2012. The St Joe Company is a real estate development company which is engaged in residential, commercial and industrial development and rural land sales.

The St. Joe Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 2 cents per share, a narrower loss from the year-earlier quarter net loss of 9 cents. During the past three months, the average estimate has moved up from a loss of 6 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at a loss of 2 cents during the last month.

Last quarter, the company came in at net loss of one cent per share against a mean estimate of a loss of 8 cents per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by 3 cents.

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A Look Back: In the first quarter, the company swung to a loss of $874,000 (one cent a share) from a profit of $14.1 million (15 cents) a year earlier, but beat analyst expectations. Revenue fell 58.4% to $30.5 million from $73.4 million.

Stock Price Performance: From June 28, 2012 to July 27, 2012, the stock price rose $1.73 (11.1%), from $15.57 to $17.30. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 19, 2012, when shares rose for 10 straight days, increasing 26.1% (+$4.14) over that span. It saw one of its worst periods between July 16, 2012 and July 23, 2012 when shares fell for six straight days, dropping 2.6% (-44 cents) over that span.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell 1.3% in the third quarter of the last fiscal year and 46.6% in fourth quarter of the last fiscal year before falling again in the first quarter.

Wall St. Revenue Expectations: On average, analysts predict $25.8 million in revenue this quarter, a rise of 2% from the year-ago quarter. Analysts are forecasting total revenue of $119 million for the year, a decline of 18.1% from last year’s revenue of $145.3 million.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.93 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 2.98 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 2.9% to $65.8 million while assets rose 1.2% to $192.6 million.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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