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PetSmart Inc. Fourth Quarter Earnings Sneak Peek

PetSmart, Inc. will unveil its latest earnings on Wednesday, February 29, 2012. PetSmart is a specialty provider of products, services, and solutions for the lifetime needs of pets. The company offers a line of products for all the life stages of pets and offers various pet services.

PetSmart, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 89 cents per share, a rise of 15.6% from the company’s actual earnings for the year-ago quarter. 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. Analysts are projecting profit to rise by 26.4% versus last year to $2.54.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at net income of 50 cents a share versus the estimate of profit of 48 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.6% in revenue from the year-earlier quarter to $1.62 billion.

Analyst Ratings: Analysts seem relatively indifferent about PetSmart with 12 of 20 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 23.1% to $56.2 million (50 cents a share) from $45.6 million (38 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7.9% to $1.5 billion from $1.39 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 26.4% in the second quarter and 27.5% in the first quarter.

For four quarters in a row, revenue has increased. Revenue rose 7% in the second quarter from the year earlier, climbed 6.8% in the first quarter from the year-ago quarter and 8.1% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between November 25, 2011 and February 23, 2012, the stock price rose $8.60 (19%), from $45.21 to $53.81. The stock price saw one of its best stretches over the last year between January 3, 2012 and January 12, 2012, when shares rose for eight straight days, increasing 5.2% (+$2.64) over that span. It saw one of its worst periods between February 16, 2012 and February 23, 2012 when shares fell for five straight days, dropping 2% (-$1.11) over that span.

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

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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