Air Products & Chemicals, Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Air Products & Chemicals, Inc. (NYSE:APD) will unveil its latest earnings on Friday, October 21, 2011. 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 profit of $1.51 per share, a rise of 11.9% 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 $1.52. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.51 during the last month. Analysts are projecting profit to rise by 14.1% versus last year to $5.73.

Past Earnings Performance: Last quarter, the company saw net income of $1.46 per share versus a mean estimate of profit of $1.46 per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: On average, analysts predict $2.63 billion in revenue this quarter, a rise of 11.9% from the year ago quarter. Analysts are forecasting total revenue of $10.09 billion for the year, a rise of 11.7% from last year’s revenue of $9.03 billion.

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

A Look Back: In the third quarter, profit rose 28.9% to $326.5 million ($1.50 a share) from $253.2 million ($1.17 a share) the year earlier, meeting analyst expectations. Revenue rose 14.5% to $2.58 billion from $2.25 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 11.5%, with the biggest boost coming in the most recent quarter when revenue rose 14.5% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 20.8% in the second quarter and 6.7% in the first quarter.

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

Stock Price Performance: During August 19, 2011 to October 17, 2011, the stock price had risen $7.95 (10.6%) from $74.69 to $82.64. 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% (+$3.75) 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% (-$10.11) over that span. Shares are down $6.51 (-7.3%) year to date.

(Source: Xignite Financials)

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