West Marine Inc. Third Quarter Earnings Sneak Peek

West Marine, Inc. (NASDAQ:WMAR) will unveil its latest earnings on Thursday, October 27, 2011. West Marine operates as a boating supply retailer in the United States.

West Marine, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 50 cents per share, a rise of 56.3% 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 48 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 50 cents during the last month. Analysts are projecting profit to rise by 73.7% versus last year to 99 cents.

Past Earnings Performance: The company met estimates last quarter after falling short of forecasts in the prior two. Before reporting net income of $1.71 per share in the second quarter to fall in line with expectations, the company beat estimates by 5 cents in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $182.1 million in revenue this quarter, a rise of 5.5% from the year ago quarter. Analysts are forecasting total revenue of $644.7 million for the year, a rise of 3.5% from last year’s revenue of $622.8 million.

A Look Back: In the second quarter, profit rose 27.4% to $44.7 million ($1.92 a share) from $35.1 million ($1.52 a share) the year earlier, meeting analyst expectations. Revenue rose 1.1% to $236 million from $233.4 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 3.9% in the first quarter from the year earlier, climbed 3.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 2.6% in the third quarter of the last fiscal year.

West Marine’s profit last quarter followed losses in the previous two quarters. The company reported a loss of $12.3 million in the first quarter and a loss of $19.8 million in the fourth 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 July 28, 2011 to October 21, 2011, the stock price had fallen $1.71 (-16.5%) from $10.34 to $8.63. 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. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 13.1% (+$1.06) over that span. Shares are down $1.95 (-18.4%) year to date.

(Source: Xignite Financials)

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