Briggs & Stratton Earnings Preview
Briggs & Stratton (NYS: BGG) hasn't been able to establish an earnings trend, bouncing between beating and falling short of estimates during the past fiscal year. The company will unveil its latest earnings on Thursday. Briggs & Stratton is a producer of air-cooled gasoline engines for outdoor power equipment. It designs, manufactures, markets, and services these products for original equipment manufacturers worldwide.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Briggs & Stratton with three of five analysts rating it hold. Analysts like Briggs & Stratton better than competitor Blount International overall. One out of three analysts rate Blount International a buy compared to two of five for Briggs & Stratton. Analysts still rate the stock a hold, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $345.9 million in revenue this quarter. That would represent a rise of 3.5% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is a loss of $0.21 per share. Estimates range from a loss of $0.28 to a loss of $0.18.
What our community says:
The majority of CAPS All-Stars see Briggs & Stratton as a good bet, with 69% granting it an outperform rating. The majority of the Fools are in agreement with the All-Stars as 75.2% give it an outperform rating. Fools are gung-ho about Briggs & Stratton, though the message boards have been quiet lately with only 62 posts in the past 30 days. Briggs & Stratton has a bullish CAPS rating of four out of five stars that is about on par with the Fool community assessment.
A year-over-year revenue decrease last quarter snaps a streak of three consecutive quarters of revenue increases.
One final thing: If you want to keep tabs on Briggs & Stratton movements, and for more analysis on the company, make sure you add it to your watchlist.
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At the time this article was published
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