Emerson Electric Co. Fourth Quarter Earnings on Deck

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S&P 500 (NYSE:SPY) component Emerson Electric Co. (NYSE:EMR) will unveil its latest earnings on Tuesday, November 1, 2011. Emerson Electric is a multinational technology company that designs and supplies product technology. It provides engineering services to a wide gamut of industrial, commercial, and consumer markets worldwide.

Emerson Electric Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 97 cents per share, a rise of 19.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.01. Between one and three months ago, the average estimate moved down. It has been unchanged at 97 cents during the last month. For the year, analysts are projecting profit of $3.24 per share, a rise of 20.4% from last year.

Past Earnings Performance: Last quarter, the company showed net income of 90 cents per share in the third quarter to fall in line with expectations, the company beat estimates by 2 cents in the second quarter. This comes after the company failed to meet analysts’ expectations in the previous two.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 13% in revenue from the year-earlier quarter to $6.6 billion.

Analyst Ratings: Analysts seem relatively indifferent about Emerson Electric with 10 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 16.8% to $683 million (90 cents a share) from $585 million (77 cents a share) the year earlier, meeting analyst expectations. Revenue rose 11.5% to $6.29 billion from $5.64 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 37.3% in the second quarter and 12.9% in the first quarter.

Revenue has gone up for three straight quarters. It rose 13.8% in the second quarter from the year earlier and 10.5% in the first quarter.

Competitors to Watch: AMETEK, Inc. (NYSE:AME), Electro-Sensors, Inc. (NASDAQ:ELSE), ESCO Technologies Inc. (NYSE:ESE), Danaher Corporation (NYSE:DHR), Roper Industries, Inc. (NYSE:ROP), Mesa Laboratories, Inc. (NASDAQ:MLAB), Elster Group SE ADR (NYSE:ELT), Honeywell Intl. Inc. (NYSE:HON), Itron, Inc. (NASDAQ:ITRI), and Cognex Corporation (NASDAQ:CGNX).

Stock Price Performance: During September 28, 2011 to October 26, 2011, the stock price had risen $3.92 (9.1%) from $43.23 to $47.15. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 8.5% (+$4.54) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 5.6% (-$3.26) over that span. Shares are down $8.91 (-15.9%) year to date.

(Source: Xignite Financials)

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