Lexmark International 2Q Earnings Pregame Scorecard
Last quarter Lexmark International (NYSE:LXK) met Wall Street estimates, and it is scheduled to report again on Tuesday.
Expectations
Analysts currently expect Lexmark International to come in with earnings of 90 cents per share on revenues of $941.2 million. Analyst estimates range from 87 cents per share to 96 cents per share. Over the past three months, the average estimate has moved down from $1.11.
Stock Movement
The stock fell $3.95 per share between July 12, 2012 and July 13, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $12.56 (-38.6%), from $32.55 to $19.99.
Company Fundamental Trends
Stock Ratings
Analysts are bearish on Lexmark International as five analysts rate it as a sell and four analysts rate it as a hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the first quarter, profit fell 27% to $60.8 million (84 cents a share) from $83.3 million ($1.04 a share) the year earlier, meeting analyst expectations. Revenue fell 4.1% to $992.5 million from $1.03 billion.
Summary
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012 before market open
EPS: 90 cents
Revenue Estimate: $941.2 million
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)