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S&P 500 (NYSE:SPY) component FMC Technologies (NYSE:FTI) will unveil its latest earnings on Tuesday, July 24, 2012. FMC Technologies is a global provider of technologically sophisticated systems and products for the energy industry.
FMC Technologies Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 48 cents per share, a rise of 23.1% 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 52 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 49 cents during the last month. For the year, analysts are projecting net income of $2.10 per share, a rise of 30.4% from last year.
Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 41 cents per share against an estimate of net income of 45 cents per share. The quarter before that, it missed forecasts by 10 cents.
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Wall St. Revenue Expectations: Analysts predict a rise of 21.1% in revenue from the year-earlier quarter to $1.49 billion.
A Look Back: In the first quarter, profit rose 16% to $98.8 million (41 cents a share) from $85.2 million (18 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 29.1% to $1.4 billion from $1.08 billion.
Stock Price Performance: Between April 23, 2012 and July 18, 2012, the stock price fell $5.99 (-12.7%), from $47.23 to $41.24. The stock price saw one of its best stretches over the last year between November 23, 2011 and December 5, 2011, when shares rose for eight straight days, increasing 17.8% (+$8.11) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight days, dropping 12% (-$5.30) over that span.
The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 30.2% over the last four quarters.
There has enjoyed solid performance recently heading into this earnings announcement with profit rising by a year-over-year average of 15.8% for the last four quarters.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.73 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
Analyst Ratings: With nine analysts rating the stock as a buy, three rating it as a sell and seven rating it as a hold, there are indications of a bullish outlook.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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