Cameron International Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cameron International Corp (NYSE:CAM) will unveil its latest earnings on Thursday, July 28, 2011. Cameron International Corporation is a manufacturer of oil and gas pressure control and separation equipment, including valves, blowout preventers, wellheads, controls, and chokes.

Cameron International Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 64 cents per share, a rise of 10.3% 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 66 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 64 cents during the last month. For the year, analysts are projecting net income of $2.57 per share, a rise of 6.2% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 46 cents per share versus a mean estimate of net income of 57 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.65 billion in revenue this quarter, a rise of 13.8% from the year ago quarter. Analysts are forecasting total revenue of $6.57 billion for the year, a rise of 7.2% from last year’s revenue of $6.13 billion.

Analyst Ratings: Analysts are bullish on this stock with 22 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 18.3%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 24% from the year earlier quarter.

The decrease in profit in the first quarter breaks a streak of two consecutive quarters of year-over-year profit increases. Net income fell 9.1% in the first quarter while the figure rose 69.2% in the fourth quarter of the last fiscal year and 19% in the third quarter of the last fiscal year.

The company’s gross margin shrank by 2.6 percentage points in the in the first quarter. Revenue rose 11.5% while cost of sales rose 15.7% to $1.06 billion from a year earlier.

Competitors to Watch: FMC Technologies, Inc. (NYSE:FTI), T-3 Energy Services, Inc. (NASDAQ:TTES), National-Oilwell Varco, Inc. (NYSE:NOV), Dril-Quip, Inc. (NYSE:DRQ), Flotek Industries, Inc. (NYSE:FTK), Baker Hughes Incorporated (NYSE:BHI), Lufkin Industries, Inc. (NASDAQ:LUFK), Oil States Intl., Inc. (NYSE:OIS), Halliburton Company (NYSE:HAL), and Bolt Technology Corp. (NASDAQ:BOLT).

Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $6.31 (13.5%) from $46.63 to $52.94. The stock price saw one of its best stretches over the last year between January 27, 2011 and February 4, 2011 when shares rose for seven-straight days, rising 8.7% (+$4.55) over that span. It saw one of its worst periods between April 29, 2011 and May 6, 2011 when shares fell for six-straight days, falling 8.8% (-$4.65) over that span. Shares are up $2.21 (+4.4%) year to date.

(Source: Xignite Financials)

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