Cameron International Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cameron International Corp (NYSE:CAM) will unveil its latest earnings on Thursday, October 27, 2011. Cameron International 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 net income of 74 cents per share, a rise of 15.6% 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 71 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 74 cents during the last month. Analysts are projecting profit to rise by 10.7% versus last year to $2.68.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 66 cents per share against a mean estimate of net income of 64 cents per share. In the first quarter, it missed forecasts by 11 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 18.3% in revenue from the year-earlier quarter to $1.81 billion.

Analyst Ratings: Analysts are bullish on this stock with 20 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose 14.6% to $148 million (59 cents a share) from $129.2 million (52 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 19.9% to $1.74 billion from $1.45 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 19.7%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 24% from the year earlier quarter.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 23.4%. The quarter with the biggest boost was the fourth quarter of the last fiscal year, which saw a 69.2% surge.

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 September 23, 2011 to October 21, 2011, the stock price had risen $6.01 (13.7%) from $43.74 to $49.75. 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 September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 16.7% (-$8.79) over that span. Shares are down 98 cents (-1.9%) year to date.

(Source: Xignite Financials)

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