Yum! Brands Inc. First Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Yum! Brands, Inc. (NYSE:YUM) will unveil its latest earnings on Wednesday, April 18, 2012. Yum Brands develops, operates, franchises and licenses a system of restaurants.
Yum! Brands, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 72 cents per share, a rise of 14.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 70 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 72 cents during the last month. Analysts are projecting profit to rise by 13.9% versus last year to $3.28.
Past Earnings Performance: Last quarter, the company reported net income of 75 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.
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Wall St. Revenue Expectations: Analysts predict a rise of 11.6% in revenue from the year-earlier quarter to $2.7 billion.
Analyst Ratings: Analysts are high on the stock, with 15 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.
A Look Back: In the fourth quarter of the last fiscal year, profit rose 29.9% to $356 million (75 cents a share) from $274 million (56 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15.4% to $4.11 billion from $3.56 billion.
After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 10.5% in the second quarter of the last fiscal year and 7.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 3.4% in the first quarter of the last fiscal year, 9.4% in the second quarter of the last fiscal year and 14.4% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.
Stock Price Performance: Between January 17, 2012 and April 12, 2012, the stock price rose $9.24 (15%), from $61.63 to $70.87. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011, when shares rose for seven straight days, increasing 6.3% (+$3.19) over that span. It saw one of its worst periods between February 9, 2012 and February 15, 2012 when shares fell for five straight days, dropping 1.8% (-$1.19) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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