West Marine, Inc. will unveil its latest earnings on Thursday, February 23, 2012. 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 net loss of 83 cents per share, a narrower loss from the year-earlier quarter net loss of 88 cents. 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 $1.06 per share, a rise of 86% from last year.
Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the third quarter, it reported profit of 48 cents per share versus a mean estimate of 50 cents. Two quarters ago, it reported net income of $1.71 per share.
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Wall St. Revenue Expectations: On average, analysts predict $112.7 million in revenue this quarter, a rise of 5% from the year-ago quarter. Analysts are forecasting total revenue of $642.8 million for the year, a rise of 3.2% from last year’s revenue of $622.8 million.
A Look Back: In the third quarter, profit rose 51% to $11.2 million (48 cents a share) from $7.4 million (32 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 4.5% to $180.3 million from $172.5 million.
Key Stats:
For four quarters in a row, revenue has increased. Revenue rose 1.1% in the second quarter from the year earlier, climbed 3.9% in the first quarter from the year-ago quarter and 3.3% in the fourth quarter of the last fiscal year.
Stock Price Performance: Between November 21, 2011 and February 17, 2012, the stock price rose $4.42 (49.7%), from $8.89 to $13.31. It saw one of its worst periods between March 8, 2011 and March 16, 2011 when shares fell for seven straight days, dropping 5.9% (-61 cents) over that span. The stock price saw one of its best stretches over the last year between January 11, 2012 and January 20, 2012, when shares rose for seven straight days, increasing 5.9% (+67 cents) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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