S&P 500 (NYSE:SPY) component Raytheon Company (NYSE:RTN) will unveil its latest earnings on Thursday, April 26, 2012. Raytheon provides electronics, mission systems integration and other capabilities to customers in defense, homeland security and other government markets throughout the world.
Raytheon Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.16 per share, a decline of 15.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.22. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.16 during the last month. Analysts are projecting profit to rise by 13.9% compared to last year’s $5.08.
Past Earnings Performance: Last quarter, the company beat estimates by 39 cents, coming in at net income of $1.74 a share versus the estimate of profit of $1.35 a share. It marked the fourth straight quarter of beating estimates.
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Wall St. Revenue Expectations: Analysts are projecting a decline of 4.8% in revenue from the year-earlier quarter to $5.77 billion.
Analyst Ratings: Analysts seem relatively indifferent about Raytheon Company with 10 of 16 analysts surveyed maintaining a hold rating.
A Look Back: In the fourth quarter of the last fiscal year, profit rose 18.3% to $543 million ($1.57 a share) from $459 million ($1.25 a share) the year earlier, exceeding analyst expectations. Revenue fell 6.4% to $6.44 billion from $6.88 billion.
The company is looking to keep the positive momentum going after last quarter’s profit came after profit declined. Net income fell 31.2% in the third quarter of the last fiscal year before rising in the fourth quarter.
Stock Price Performance: Between January 25, 2012 and April 20, 2012, the stock price rose $3.87 (7.9%), from $49.24 to $53.11. The stock price saw one of its best stretches over the last year between December 14, 2011 and December 29, 2011, when shares rose for 11 straight days, increasing 9.3% (+$4.08) over that span. It saw one of its worst periods between July 1, 2011 and July 18, 2011 when shares fell for 11 straight days, dropping 9.3% (-$4.54) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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