Air Products & Chemicals Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Air Products & Chemicals, Inc. (NYSE:APD) will unveil its latest earnings on Tuesday, January 24, 2012. Air Products and Chemicals 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 & Chemicals, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.36 per share, a rise of 0.7% 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 $1.44. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.36 during the last month. For the year, analysts are projecting profit of $5.99 per share, a rise of 4.5% from last year.

Past Earnings Performance: Last quarter, the company saw net income of $1.51 per share versus a mean estimate of profit of $1.51 per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: On average, analysts predict $2.53 billion in revenue this quarter, a rise of 5.9% from the year ago quarter. Analysts are forecasting total revenue of $10.55 billion for the year, a rise of 4.7% from last year’s revenue of $10.08 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 19.4% to $324.8 million ($1.51 a share) from $272.1 million ($1.25 a share) the year earlier, meeting analyst expectations. Revenue rose 11.1% to $2.61 billion from $2.35 billion.

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 11.7%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 14.5% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 28.9% in the third quarter of the last fiscal year and 20.8% in the second 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 November 17, 2011 to January 18, 2012, the stock price had risen $10.90 (13.5%) from $80.66 to $91.56. The stock price saw one of its best stretches over the last year between June 17, 2011 and June 28, 2011 when shares rose for eight-straight days, rising 5.3% (+$4.70) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 10.7% (-$10.03) over that span.

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

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