Cooper Industries Third Quarter Earnings Sneak Peek

Cooper Industries plc. (NYSE:CBE) will unveil its latest earnings on Thursday, October 20, 2011. 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 96 cents per share, a rise of 12.9% 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 $1.05. Between one and three months ago, the average estimate moved down. It also has dropped from $1.03 during the last month. For the year, analysts are projecting profit of $3.79 per share, a rise of 17% from last year.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of 96 cents per share against a mean estimate of profit of 95 cents. The company fell in line with estimates in the first quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 10.5% in revenue from the year-earlier quarter to $1.37 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 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 more than threefold to $161.4 million (96 cents a share) from $41.6 million (25 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 2.4% to $1.37 billion from $1.34 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the first quarter and 10.2% in the fourth quarter of the last fiscal year.

Revenue has gone up for three straight quarters. It rose 4% in the first quarter from the year earlier 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 August 18, 2011 to October 14, 2011, the stock price had risen $8.61 (20%) from $42.96 to $51.57. 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% (+$2.94) 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% (-$4.61) over that span. Shares are down $5.80 (-10.1%) year to date.

(Source: Xignite Financials)

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