Lorillard 2Q Earnings Pregame Scorecard

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After falling short of analyst expectations last quarter, Lorillard (NYSE:LO) will try to redeem itself when it reports again on Wednesday.

Expectations

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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.

Stock Movement

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

Stock Ratings

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.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012 before market open

EPS: $2.32

Revenue Estimate: $1.25 billion

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