URS Corp fka URS

[BlackJack1963]

URS Corp Third Quarter Earnings Sneak Peek
By Derek Hoffman | More Articles
November 01, 2012
URS Corp (NYSE:URS) will unveil its latest earnings on Tuesday, November 6, 2012. URS is an international provider of engineering, construction and technical services.
URS Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.17 per share, a rise of 19.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.03. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.17 during the last month. For the year, analysts are projecting net income of $4.17 per share, a rise of 18.1% from last year.
Past Earnings Performance: Last quarter, the company fell short of estimates by 7 cents, coming in at profit of 88 cents per share against a mean estimate of net income of 92 cents. The company topped expectations in the first quarter.
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Wall St. Revenue Expectations: On average, analysts predict $2.98 billion in revenue this quarter, a rise of 20.6% from the year-ago quarter. Analysts are forecasting total revenue of $11.03 billion for the year, a rise of 15.6% from last year’s revenue of $9.54 billion.
A Look Back: In the second quarter, profit fell 19.8% to $53.6 million (72 cents a share) from $66.8 million (86 cents a share) the year earlier, missing analyst expectations. Revenue rose 14% to $2.69 billion from $2.36 billion.
Stock Price Performance: Between September 5, 2012 and October 31, 2012, the stock price had fallen $2.72 (-7.5%), from $36.20 to $33.48. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 5, 2012, when shares rose for eight straight days, increasing 7.9% (+$2.57) over that span. It saw one of its worst periods between September 19, 2012 and September 26, 2012 when shares fell for six straight days, dropping 4.3% (-$1.58) over that span.
Key Stats:
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 5.6% in the third quarter of the last fiscal year, 0.6% in the fourth quarter of the last fiscal year and 1.8% in the first quarter before increasing again in the second quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.96 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 2.42 in the first quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 12.9% to $1.87 billion while assets decreased 8.4% to $3.67 billion.
Analyst Ratings: There are eight out of 14 analysts surveyed (57.1%) rating URS a buy.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
http://wallstcheatsheet.com/stocks/urs-corp-third-quarter-earnings-sneak-peek.html/