Cooper Industries Second Quarter Earnings Sneak Peek

Cooper Industries (NASDAQ:CBE) will unveil its latest earnings on Thursday, July 21, 2011. Cooper Industries PLC 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 profit of 95 cents per share, a rise of 15.9% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $3.94 per share, a rise of 21.6% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 84 cents per share versus a mean estimate of net income of 84 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 0 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.33 billion in revenue this quarter, a decline of 0.7% from the year ago quarter. Analysts are forecasting total revenue of $5.34 billion for the year, a rise of 5.3% from last year’s revenue of $5.07 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than twofold while it rose 10.2% in the fourth quarter of the last fiscal year and 17.2% in the third quarter of the last fiscal year.

The company’s revenue has now risen for two straight quarters. In first quarter, revenue increased 4% to $1.28 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure rose 0.3%.

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 April 19, 2011 to July 15, 2011, the stock price had fallen $6.98 (-10.7%) from $65.08 to $58.10. The stock price saw one of its best stretches over the last year between January 5, 2011 and January 13, 2011 when shares rose for seven-straight days, rising 5.1% (+$2.96) over that span. It saw one of its worst periods between July 7, 2011 and July 15, 2011 when shares fell for seven-straight days, falling 7.2% (-$4.48) over that span. Shares are up 35 cents (+0.6%) year to date.

(Source: Xignite Financials)

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