Cooper Companies Second Quarter Earnings Sneak Peek

The Cooper Companies, Inc. (NYSE:COO) will unveil its latest earnings on Thursday, June 7, 2012. Cooper Companies develops, manufactures, and markets healthcare products, primarily medical devices through its two business units: CooperVision and CooperSurgical.

The Cooper Companies, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.20 per share, a rise of 17.6% 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 $1.16. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.20 during the last month. Analysts are projecting profit to rise by 13.1% compared to last year’s $5.09.

Past Earnings Performance: Last quarter, the company beat estimates by 9 cents, coming in at net income of $1.12 a share versus the estimate of profit of $1.03 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 7.6% in revenue from the year-earlier quarter to $349.9 million.

Analyst Ratings: Analysts are optimistic about this stock, with five analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the first quarter, profit rose 20.6% to $54.6 million ($1.12 a share) from $45.3 million (96 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.2% to $326.1 million from $293.2 million.

Stock Price Performance: Between May 3, 2012 and June 1, 2012, the stock price dropped $5.54 (-6.3%), from $88.41 to $82.87. It saw one of its worst periods between July 19, 2011 and July 28, 2011 when shares fell for eight straight days, dropping 5.6% (-$4.57) over that span. The stock price saw one of its best stretches over the last year between February 21, 2012 and February 28, 2012, when shares rose for six straight days, increasing 2.5% (+$1.99) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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