Cooper Tire & Rubber Co. Second Quarter Earnings Sneak Peek

Cooper Tire & Rubber Co. (NYSE:CTB) will unveil its latest earnings on Thursday, August 4, 2011. Cooper Tire & Rubber Company produces and markets passenger, light truck, medium truck, motorsport and motorcycle tires which are sold nationally and internationally in the replacement tire market.

Cooper Tire & Rubber Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 46 cents per share, a rise of 12.2% 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 51 cents. Between one and three months ago, the average estimate moved down and dropped from 47 cents during the last month. For the year, analysts are projecting net income of $2.31 per share, a rise of 11.6% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 25 cents per share against a mean estimate of net income of 23 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $979.9 million in revenue this quarter, a rise of 21.9% from the year ago quarter. Analysts are forecasting total revenue of $4.09 billion for the year, a rise of 21.7% from last year’s revenue of $3.36 billion.

Analyst Ratings: six out of seven analysts surveyed (85.7%) have a buy rating on Cooper Tire & Rubber.. This is below the mean analyst rating of four competitors, which average 88.9% buy ratings.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 20.1% to $906 million in first quarter. The figure rose 19% in the fourth quarter of the last fiscal year from the year earlier, climbed 10% in the third quarter of the last fiscal year from the year-ago quarter and 27.3% in the second quarter of the last fiscal year.

Competitors to Watch: The Goodyear Tire & Rubber Co. (NYSE:GT).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had fallen $8.62 (-33.8%) from $25.48 to $16.86. The stock price saw one of its best stretches over the last year between February 9, 2011 and February 17, 2011 when shares rose for seven-straight days, rising 12.1% (+$2.64) over that span. It saw one of its worst periods between May 31, 2011 and June 13, 2011 when shares fell for 10-straight days, falling 19.8% (-$4.78) over that span. Shares are down $6.51 (-27.9%) year to date.

(Source: Xignite Financials)

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