S&P 500 (NYSE:SPY) component Roper Industries (NYSE:ROP) will unveil its latest earnings on Monday, July 30, 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 Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.15 per share, a rise of 11.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 12.6% compared to last year’s $4.83.
Past Earnings Performance: Last quarter, the company beat estimates by 5 cents, coming in at profit of $1.09 a share versus the estimate of net income of $1.04 a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the first quarter, profit rose 21.7% to $108.3 million ($1.09 a share) from $89 million (91 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10.2% to $711.1 million from $645.3 million.
Stock Price Performance: Between April 27, 2012 and July 24, 2012, the stock price fell $8.96 (-8.7%), from $102.69 to $93.73. 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% (+$6.76) 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% (-$9.38) over that span.
Wall St. Revenue Expectations: On average, analysts predict $747 million in revenue this quarter, a rise of 6.7% from the year-ago quarter. Analysts are forecasting total revenue of $3.03 billion for the year, a rise of 8.2% from last year’s revenue of $2.8 billion.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 30.9% in the third quarter of the last fiscal year and 13.4% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 23.4% in the second quarter of the last fiscal year, 17.8% in the third quarter of the last fiscal year and 8.8% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Analyst Ratings: There are mostly holds on the stock with six of 10 analysts surveyed giving that rating.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.33 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.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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