Snap-on Inc. Fourth Quarter Earnings Sneak Peek

Wall St. Cheat Sheet

S&P 500 component Snap-on, Inc. will unveil its latest earnings on Thursday, February 2, 2012. Snap-on is a global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions.

Snap-on, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.17 per share, a rise of 25.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of $4.42 per share, a rise of 41.2% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 15 cents, reporting profit of $1.16 per share against a mean estimate of net income of $1.01 per share.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: Analysts are projecting a rise of 7.7% in revenue from the year-earlier quarter to $750.3 million.

Analyst Ratings: The limited number of analysts covering the stock seem bullish with three analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the third quarter, profit rose 45.8% to $67.8 million ($1.16 a share) from $46.5 million (80 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4% to $697.2 million from $670.3 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 72.2% in the second quarter and 52.7% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 14.4% in the second quarter from the year earlier, climbed 14% in the first quarter from the year-ago quarter and 15% in the fourth quarter of the last fiscal year.

Competitors to Watch: The L.S. Starrett Company , Stanley Black & Decker, Inc. , and P & F Industries, Inc. .

Stock Price Performance: During November 29, 2011 to January 27, 2012, the stock price had risen $7.21 (14.6%) from $49.55 to $56.76. The stock price saw one of its best stretches over the last year between January 13, 2012 and January 25, 2012 when shares rose for eight-straight days, rising 5.9% (+$3.15) over that span. It saw one of its worst periods between July 20, 2011 and August 2, 2011 when shares fell for 10-straight days, falling 12.6% (-$7.78) over that span.

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

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

Rates

View Comments (0)