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2 Companies Attacting Trading Attention as Earnings Approaches

January 25 2012 Tweet Email This

Eaton Corp (NYSE:ETN) will unveil its latest earnings on Thursday, January 26, 2012. The average estimate of analysts is for profit of $1.11 per share, a rise of 30.6% 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 $1.10. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.11 during the last month. For the year, analysts are projecting net income of $4 per share, a rise of 42.3% from last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of $1.07 per share versus a mean estimate of net income of $1.09 per share. In the second quarter, the company beat estimates by 2 cents. Analysts are projecting a rise of 13.7% in revenue from the year-earlier quarter to $4.16 billion.

Competitors to Watch: Parker-Hannifin Corp. (NYSE:PH), Magnetek, Inc. (NYSE:MAG), Tech/Ops Sevcon, Inc. (NASDAQ:TO), United Technologies Corp. (NYSE:UTX), General Electric Company (NYSE:GE), Sauer-Danfoss Inc. (NYSE:SHS), Dover Corporation (NYSE:DOV), Thomas & Betts Corporation (NYSE:TNB), Roper Industries, Inc. (NYSE:ROP), and Crane Co. (NYSE:CR).

Precision Castparts Corp. (NYSE:PCP) will unveil its latest earnings on Thursday, January 26, 2012. The average estimate of analysts is for net income of $2.21 per share, a rise of 22.8% 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 $2.26. Between one and three months ago, the average estimate moved down. It has been unchanged at $2.21 during the last month. Analysts are projecting profit to rise by 22.5% versus last year to $8.59.

Last quarter, the company fell short of estimates by 2 cents, coming in at profit of $2.03 per share against a mean estimate of net income of $2.05. The company topped expectations in the first quarter. Analysts are projecting a rise of 20.1% in revenue from the year-earlier quarter to $1.91 billion.

Competitors to Watch: MS International plc (NYSE:MSI), Ladish Co., Inc. (NASDAQ:LDSH), Alcoa Inc. (NYSE:AA), Haynes International, Inc. (NASDAQ:HAYN), Allegheny Tech. Inc. (NYSE:ATI), Chicago Rivet & Machine Co. (AMEX:CVR) and United Technologies Corp. (NYSE:UTX).