S&P 500 (NYSE:SPY) component Parker-Hannifin (NYSE:PH) will unveil its latest earnings tomorrow, Friday, January 18, 2013. Parker Hannifin manufactures motion and control technologies and systems, including electromechanical controls, fluid power systems, and related components.
Parker-Hannifin Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.13 per share, a decline of 27.6% 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 $1.57. Between one and three months ago, the average estimate moved down. It also has dropped from $1.17 during the last month. For the year, analysts are projecting net income of $6.39 per share, a decline of 14.2% from last year.
Past Earnings Performance: Last quarter, the company missed estimates by 16 cents, coming in at profit of $1.57 per share versus a mean estimate of net income of $1.73 per share. In the fourth quarter of the last fiscal year, the company beat estimates by 5 cents.
A Look Back: In the first quarter, profit fell 19.3% to $239.7 million ($1.57 a share) from $297 million ($1.91 a share) the year earlier, missing analyst expectations. Revenue fell 0.6% to $3.21 billion from $3.23 billion.
Here’s how Parker-Hannifin Group traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: