Myers Industries Inc. (MYE) is slated to report its fourth-quarter 2013 results on Feb 20, 2014 before the market opens. In the last quarter, it posted a negative surprise of 3.9%. Let’s see how things are shaping up for this announcement.
Factors This Past Quarter
In the last quarter, the manufacturer and seller of polymer products, posted lower-than-expected results. The quarterly earnings of 25 cents missed the Zacks Consensus Estimate by a penny. Net sales slipped 1.2% and fell short of the Zacks Consensus Estimate.
The downside resulted from a decline in sales at all of the company’s business segments. Engineered Products and Lawn & Garden segments were the most affected, while the Material Handling and Distribution segments posted only marginal declines.
Earnings Whispers?
Our proven model does not conclusively show that Myers Industries is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, #2 or #3 for this to happen. This is not the case here, as you will see below.
Zacks ESP: ESP for Myers Industries is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 29 cents.
Zacks Rank #3 (Hold): Myers Industries’ Zacks Rank #3 (Hold) when combined with an ESP of 0.00% makes surprise prediction difficult. We caution against stocks with a Zacks Ranks #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Stocks That Warrant a Look
Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat:
Foot Locker, Inc. (FL), Earnings ESP of +8.00% and a Zacks Rank #2 (Buy).
Finish Line Inc. (FINL), Earnings ESP of +2.35% and a Zacks Rank #2 (Buy).
Texas Roadhouse, Inc. (TXRH), Earnings ESP of +8.70% and a Zacks Rank #2 (Buy).
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