Airgas Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Airgas, Inc. (NYSE:ARG) will unveil its latest earnings on Thursday, October 27, 2011. Airgas, through its subsidiaries, distributes industrial, medical, and specialty gases and hardgoods in the United States. It offers a range of gases, including nitrogen and helium, as well as welding and fuel gases. .

Airgas, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.02 per share, a rise of 22.9% 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 98 cents. Between one and three months ago, the average estimate moved up. It has risen from $1.01 during the last month. For the year, analysts are projecting profit of $3.98 per share, a rise of 19.2% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 99 cents per share against a mean estimate of profit of 96 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.17 billion in revenue this quarter, a rise of 10.4% from the year ago quarter. Analysts are forecasting total revenue of $4.66 billion for the year, a rise of 9.6% from last year’s revenue of $4.25 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the first quarter, profit rose 15.5% to $74.8 million (93 cents a share) from $64.8 million (76 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10.6% to $1.16 billion from $1.05 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 56.1% in the fourth quarter of the last fiscal year and 19.1% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 12.5% in the fourth quarter of the last fiscal year from the year earlier, climbed 9.8% in the third quarter of the last fiscal year from the year-ago quarter and 10.3% in the second quarter of the last fiscal year.

Competitors to Watch: Air Products & Chemicals, Inc. (NYSE:APD), Praxair, Inc. (NYSE:PX), and Rentech, Inc. (AMEX:RTK).

Stock Price Performance: During August 25, 2011 to October 21, 2011, the stock price had risen $7.69 (12.5%) from $61.32 to $69.01. The stock price saw one of its best stretches over the last year between August 19, 2011 and August 31, 2011 when shares rose for nine-straight days, rising 8.9% (+$5.26) over that span. It saw one of its worst periods between August 12, 2011 and August 19, 2011 when shares fell for six-straight days, falling 6.3% (-$3.99) over that span. Shares are up $7.44 (+12.1%) year to date.

(Source: Xignite Financials)

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