Earnings Preview For Abaxis

On Thursday, Jan. 25, Abaxis ABAX will release its latest round of earnings. Benzinga's outlook for Abaxis is included in the following report.

Earnings and Revenue

Abaxis earnings will be near 25 cents per share on sales of $56 million, according to analysts.

In the same quarter last year, Abaxis reported earnings per share of 56 cents per share on revenue of $52 million. If the company were to report inline earnings when it publishes results Thursday, quarterly profit would be down 16.67 percent. Revenue would be up 7.73 percent from the year-ago period.

Abaxis's reported EPS has stacked up against analyst estimates in the past like this:

Q3 EPS Estimate: 25 cents per share
Q3 Revenues Estimate: $56 million

Stock Performance

Shares of Abaxis were trading at $64.32 as of Jan. 25. Over the last 52-week period, shares are up 33.2 percent. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The most common rating by analysts on Abaxis stock is a Sell. The strength of this rating has maintained conviction over the past three months.

Conference Call

Abaxis's Q3 is scheduled to hold a conference call at 4:15 p.m. ET and it can be accessed here: http://phx.corporate-ir.net/phoenix.zhtml?c=115152&p=irol-IRHome