BE Aerospace Inc. Third Quarter Earnings Sneak Peek

BE Aerospace, Inc. (NASDAQ:BEAV) will unveil its latest earnings on Wednesday, October 26, 2011. BE Aerospace is a manufacturer of cabin interior products for commercial aircraft and business jets and a distributor of aerospace fasteners and consumables.

BE Aerospace, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 55 cents per share, a rise of 34.1% 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 53 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 55 cents during the last month. Analysts are projecting profit to rise by 34.2% versus last year to $2.16.

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 profit of 54 cents per share against a mean estimate of net income of 51 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $627.8 million in revenue this quarter, a rise of 26.8% from the year ago quarter. Analysts are forecasting total revenue of $2.49 billion for the year, a rise of 25.8% from last year’s revenue of $1.98 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 second quarter, profit rose 46.9% to $54.8 million (54 cents a share) from $37.3 million (37 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 25.8% to $608.9 million from $483.9 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 29.5% in the first quarter from the year earlier, climbed 13% in the fourth quarter of the last fiscal year from the year-ago quarter and 7.7% in the third quarter of the last fiscal year.

The company has seen net income rise in two straight quarters. In the first quarter, profit rose 48.8%.

Competitors to Watch: TransDigm Group Inc. (NYSE:TDG), CPI Aerostructures, Inc. (AMEX:CVU), Astronics Corporation (NASDAQ:ATRO), Ducommun Incorporated (NYSE:DCO), Breeze-Eastern Corporation (AMEX:BZC), Goodrich Corporation (NYSE:GR), LMI Aerospace, Inc. (NASDAQ:LMIA), and Spirit AeroSystems Hldgs., Inc. (NYSE:SPR).

Stock Price Performance: During July 27, 2011 to October 20, 2011, the stock price had fallen $5.68 (-14.1%) from $40.17 to $34.49. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 7.5% (+$2.93) over that span. It saw one of its worst periods between July 25, 2011 and August 8, 2011 when shares fell for 11-straight days, falling 30.8% (-$12.97) over that span. Shares are down $2.54 (-6.9%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

 

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