After falling short of analyst expectations last quarter, Lorillard (NYSE:LO) will try to redeem itself when it reports again on Wednesday.
Analysts currently expect Lorillard to come in with earnings of $2.32 per share on revenues of $1.25 billion. Estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved up from $2.31.
In terms of price changes, the stock's best recent streak was when it gained $5.04 per share between June 13, 2012 and June 18, 2012.
Company Fundamental Trends
Analysts think investors should stand pat on Lorillard with six of nine analysts rating it hold. The average analyst rating of the stock has stayed steady from three months prior.
Last Quarter's Results
In the first quarter, profit fell 10.1% to $223 million ($1.70 a share) from $248 million ($1.71 a share) the year earlier, missing analyst expectations. Revenue fell 0.6% to $1.53 billion from $1.53 billion.
Reporting Period: 2Q
Date of Release: Wednesday, July 25, 2012 before market open
Revenue Estimate: $1.25 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)