Last quarter MeadWestvaco (NYSE:MWV) topped estimates by 10 cents per share, and it is scheduled to report again on Wednesday.
Analysts currently expect MeadWestvaco to come in with earnings of 39 cents per share on revenues of $1.43 billion. Analysts gave estimates ranging from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 50 cents.
Recently, the stock price has been rising Since July 9, 2012 business days the stock has risen 97 cents per share. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $2.45 (-7.8%), from $31.51 to $29.06.
Company Fundamental Trends On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 0.3% in the second quarter of the last fiscal year, 5.1% in the third quarter of the last fiscal year and 13% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Analysts are bullish on the stock as nine analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Last Quarter's Results
In the first quarter, profit fell 24.6% to $49 million (28 cents a share) from $65 million (38 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 4% to $1.42 billion from $1.36 billion.
Reporting Period: 2Q
Date of Release: Wednesday, July 25, 2012 before market open
EPS: 39 cents
Revenue Estimate: $1.43 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)