Actuant Corp First Quarter Earnings Sneak Peek

Actuant Corp (NYSE:ATU) will unveil its latest earnings on Wednesday, December 21, 2011. Actuant is a global manufacturer and marketer of a range of industrial products and systems.

Actuant Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 43 cents per share, a rise of 19.4% 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 44 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 43 cents during the last month. Analysts are projecting profit to rise by 11.9% versus last year to $1.88.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 50 cents per share against a mean estimate of net income of 47 cents, and the quarter before, the company exceeded forecasts by 5 cents with profit of 51 cents versus a mean estimate of net income of 46 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 18.2% in revenue from the year-earlier quarter to $376.3 million.

Analyst Ratings: eight out of 12 analysts surveyed (66.7%) have a buy rating on Actuant.. This is below the mean analyst rating of seven competitors, which average 75.7% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $41.4 million (55 cents a share) from a loss of $16.8 million (22 cents) a year earlier, beating analyst estimates. Revenue rose 78.1% to $403.4 million from $226.5 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 17.4% in the third quarter of the last fiscal year from the year earlier, climbed 12.4% in the second quarter of the last fiscal year from the year-ago quarter and 4.3% in the first quarter of the last fiscal year.

Competitors to Watch: Parker-Hannifin Corp. (NYSE:PH), Crane Co. (NYSE:CR), Omega Flex, Inc. (NASDAQ:OFLX), Sun Hydraulics Corporation (NASDAQ:SNHY), Danaher Corporation (NYSE:DHR), Caterpillar (NYSE:CAT), and General Electric (NYSE:GE).

Stock Price Performance: During November 16, 2011 to December 15, 2011, the stock price had dropped $2 (-8.9%) from $22.57 to $20.57. The stock price saw one of its best stretches over the last year between September 22, 2011 and September 29, 2011 when shares rose for six-straight days, rising 14.7% (+$2.66) over that span. It saw one of its worst periods between May 10, 2011 and May 18, 2011 when shares fell for seven-straight days, falling 8.8% (-$2.38) over that span. Shares are down $6 (-22.6%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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