Monday, December 5, 2011

Pall Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Pall Corp (NYSE:PLL) will unveil its latest earnings on Thursday, December 8, 2011. Pall supplies filtration, separation, and purification technologies for the removal of contaminants from a variety of liquids and gases.

Pall Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 65 cents per share, a rise of 6.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 71 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 66 cents during the last month. Analysts are projecting profit to rise by 13% versus last year to $3.13.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 76 cents per share versus a mean estimate of net income of 88 cents per share. In the third quarter of the last fiscal year, the company beat estimates by one cent.

Wall St. Revenue Expectations: On average, analysts predict $648 million in revenue this quarter, a rise of 7% from the year ago quarter. Analysts are forecasting total revenue of $2.88 billion for the year, a rise of 5.1% from last year’s revenue of $2.74 billion.

Analyst Ratings: Analysts seem relatively indifferent about Pall with six of nine analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 77.2% to $97.4 million (83 cents a share) from $55 million (47 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 15% to $780.4 million from $678.6 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentag! e revenu e growth for the past four quarters. Over that span, the company has averaged growth of 14%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 15.2% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 2% in the third quarter of the last fiscal year and 52.5% in the second quarter of the last fiscal year.

Competitors to Watch: Nordson Corporation (NASDAQ:NDSN), General Electric Company (NYSE:GE), CLARCOR Inc. (NYSE:CLC), 3M Company (NYSE:MMM), Donaldson Company, Inc. (NYSE:DCI), Thermo Fisher Scientific Inc. (NYSE:TMO), Danaher Corporation (NYSE:DHR), Parker-Hannifin Corp. (NYSE:PH), Teleflex Incorporated (NYSE:TFX), and Flow International Corp. (NASDAQ:FLOW).

Stock Price Performance: During September 8, 2011 to December 2, 2011, the stock price had risen $9.67 (22%) from $43.87 to $53.54. The stock price saw one of its best stretches over the last year between March 30, 2011 and April 7, 2011 when shares rose for seven-straight days, rising 4.1% (+$2.28) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 6.9% (-$3.72) over that span. Shares are up $4.64 (+9.5%) year to date.

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

 

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