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S&P 500 (NYSE:SPY) component Roper Industries, Inc. (NYSE:ROP) will unveil its latest earnings on Monday, April 23, 2012. Roper Industries designs and manufactures energy systems and controls, scientific and industrial imaging products and software, industrial technology products and radio frequency products and services.
Roper Industries, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.04 per share, a rise of 14.3% 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 $1.02. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.04 during the last month. Analysts are projecting profit to rise by 11.4% compared to last year’s $4.78.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of $1.23 per share against a mean estimate of profit of $1.21 per share.
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Wall St. Revenue Expectations: Analysts predict a rise of 9.1% in revenue from the year-earlier quarter to $704.3 million.
Analyst Ratings: six out of 10 analysts surveyed (60%) have a buy rating on Roper Industries. This is below the mean analyst rating of 10 competitors, which average 61.4% buy ratings.
A Look Back: In the fourth quarter of the last fiscal year, profit rose 13.4% to $121.7 million ($1.23 a share) from $107.3 million ($1.11 a share) the year earlier, exceeding analyst expectations. Revenue rose 8.8% to $739.2 million from $679.5 million.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 49.1% in the second quarter of the last fiscal year and 30.9% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 20.7% in the first quarter of the last fiscal year, 23.4% in the second quarter of the last fiscal year and 17.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.
Stock Price Performance: Between January 20, 2012 and April 17, 2012, the stock price rose $5.96 (6.3%), from $93.94 to $99.90. The stock price saw one of its best stretches over the last year between January 4, 2012 and January 19, 2012, when shares rose for 11 straight days, increasing 7.7% (+$6.75) over that span. It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven straight days, dropping 10.8% (-$9.34) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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