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S&P 500 (NYSE:SPY) component Cameron International (NYSE:CAM) will unveil its latest earnings on Thursday, July 26, 2012. Cameron International is a manufacturer of oil and gas pressure control and separation equipment, including valves, blowout preventers, wellheads, controls, and chokes.
Cameron International Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 72 cents per share, a rise of 9.1% 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 80 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 72 cents during the last month. Analysts are projecting profit to rise by 20.6% compared to last year’s $3.22.
Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported net income of 54 cents per share versus a mean estimate of 55 cents. Two quarters ago, it reported profit of 77 cents per share.
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A Look Back: In the first quarter, profit rose 22.4% to $134 million (54 cents a share) from $109.5 million (43 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 20.2% to $1.8 billion from $1.5 billion.
Wall St. Revenue Expectations: On average, analysts predict $2.01 billion in revenue this quarter, a rise of 15.5% from the year-ago quarter. Analysts are forecasting total revenue of $8.15 billion for the year, a rise of 17.1% from last year’s revenue of $6.96 billion.
Stock Price Performance: From June 21, 2012 to July 20, 2012, the stock price rose $4.46 (10.8%), from $41.20 to $45.66. It saw one of its worst periods between May 1, 2012 and May 9, 2012 when shares fell for seven straight days, dropping 9.4% (-$4.91) over that span. The stock price saw one of its best stretches over the last year between July 12, 2012 and July 20, 2012, when shares rose for seven straight days, increasing 7.9% (+$3.35) over that span.
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 15.7% over the last four quarters.
The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of 2% for the last four quarters.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.29 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
Analyst Ratings: With 16 analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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