Air Products and Chemicals, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Air Products and Chemicals, Inc. (NYSE:APD) will unveil its latest earnings on Friday, July 22, 2011. Air Products and Chemicals, Inc. is a global supplier of gases and chemicals for industrial use. It provides customers in the technology, energy and healthcare sectors with a variety of services and solutions, including atmospheric gases and semiconductor materials.

Air Products and Chemicals, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.46 per share, a rise of 14.1% 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 $1.44. For the year, analysts are projecting net income of $5.74 per share, a rise of 14.3% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $1.41 per share versus a mean estimate of net income of $1.39 per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.53 billion in revenue this quarter, a rise of 12.4% from the year ago quarter. Analysts are forecasting total revenue of $10.02 billion for the year, a rise of 11% from last year’s revenue of $9.03 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 11.4%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 14% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 20.8% while it rose 6.7% in the first quarter and 11.6% in the fourth quarter of the last fiscal year.

Competitors to Watch: Airgas, Inc. (NYSE:ARG), Praxair, Inc. (NYSE:PX) and Rentech, Inc. (AMEX:RTK).

Stock Price Performance: During June 17, 2011 to July 18, 2011, the stock price had risen $3.43 (3.8%) from $89.49 to $92.92. The stock price saw one of its best stretches over the last year between December 14, 2010 and December 30, 2010 when shares rose for 12-straight days, rising 4.4% (+$3.78) over that span. It saw one of its worst periods between March 8, 2011 and March 16, 2011 when shares fell for seven-straight days, falling 6.4% (-$5.69) over that span. Shares are up $3.11 (+3.5%) year to date.

(Source: Xignite Financials)

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