West Marine, Inc. Second Quarter Earnings Sneak Peek

West Marine, Inc. (NASDAQ:WMAR) will unveil its latest earnings on Thursday, July 28, 2011. West Marine, Inc. operates as a boating supply retailer in the United States. It operates through three segments: Stores, Port Supply and Direct Sales.

West Marine, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.71 per share, a rise of 12.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.63. For the year, analysts are projecting net income of 76 cents per share, a rise of 33.3% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported a loss of 55 cents per share versus a mean estimate of net loss of 50 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $238.6 million in revenue this quarter, a rise of 2.2% from the year ago quarter. Analysts are forecasting total revenue of $642.1 million for the year, a rise of 3.1% from last year’s revenue of $622.8 million.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 3.9% to $113.8 million in first quarter. The figure rose 3.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 2.6% in the third quarter of the last fiscal year from the year-ago quarter and 8.4% in the second quarter of the last fiscal year.

Competitors to Watch: MarineMax, Inc. (NYSE:HZO), Cabela’s Incorporated (NYSE:CAB), Golfsmith Intl. Hldgs., Inc. (NASDAQ:GOLF), Winmark Corporation (NASDAQ:WINA), Dick’s Sporting Goods, Inc. (NYSE:DKS), Dover Saddlery, Inc. (NASDAQ:DOVR), Sport Chalet, Inc. (NASDAQ:SPCHA)..

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had fallen 30 cents (-2.8%) from $10.68 to $10.38. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 3.3% (+33 cents) over that span. It saw one of its worst periods between March 8, 2011 and March 16, 2011 when shares fell for seven-straight days, falling 5.9% (-61 cents) over that span. Shares are down 20 cents (-1.9%) year to date.

(Source: Xignite Financials)

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