Cooper Industries plc. Fourth Quarter Earnings Sneak Peek

Cooper Industries plc. (NYSE:CBE) will unveil its latest earnings on Tuesday, January 24, 2012. Cooper Industries is a worldwide manufacturer of electrical products and tools.

Cooper Industries plc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 95 cents per share, a rise of 11.8% 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 94 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 17.6% versus last year to $3.81.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 98 cents per share, and the previous quarter, it had net income of 96 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.1% in revenue from the year-earlier quarter to $1.35 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 third quarter, profit rose 13.1% to $160.2 million (98 cents a share) from $141.7 million (85 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 12% to $1.39 billion from $1.24 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose more than threefold in the second quarter and more than twofold in the first quarter.

Revenue has risen the past four quarters. Revenue rose 2.4% in the second quarter from the year earlier, climbed 4% in the first quarter from the year-ago quarter and 0.3% in the fourth quarter of the last fiscal year.

Competitors to Watch: Acuity Brands, Inc. (NYSE:AYI), TE Connectivity Ltd. (NYSE:TEL), Thomas & Betts Corporation (NYSE:TNB), Dover Corporation (NYSE:DOV), Orion Energy Systems, Inc. (NYSE:OESX), Danaher Corporation (NYSE:DHR), Nexxus Lighting, Inc. (NASDAQ:NEXS), and Littelfuse, Inc. (NASDAQ:LFUS).

Stock Price Performance: During October 20, 2011 to January 18, 2012, the stock price had risen $8.82 (17.5%) from $50.37 to $59.19. The stock price saw one of its best stretches over the last year between June 29, 2011 and July 7, 2011 when shares rose for six-straight days, rising 7.9% (+$4.54) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 7.4% (-$4.59) over that span.

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

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