Air Prods & Chems First Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Air Prods & Chems (NYSE:APD) will unveil its latest earnings on Wednesday, January 23, 2013. Air Products and Chemicals is a global supplier of gases and chemicals for industrial use. It provides customers in the technology, energy, and healthcare sectors with a variety of services and solutions, including atmospheric gases and semiconductor materials.
Air Prods & Chems Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.29 per share, a decline of 5.1% 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 $1.41. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.29 during the last month. Analysts are projecting profit to rise by 6.3% versus last year to $5.74.
Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at profit of $1.42 per share against a mean estimate of net income of $1.44. The company fell in line with expectations in the third quarter of the last fiscal year.
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A Look Back: In the fourth quarter of the last fiscal year, profit fell 57.3% to $138.7 million (65 cents a share) from $324.8 million ($1.51 a share) the year earlier, missing analyst expectations. Revenue fell 0.2% to $2.61 billion from $2.61 billion.