Cooper Tire & Rubber Co. Third Quarter Earnings Sneak Peek

Cooper Tire & Rubber Co. (NYSE:CTB) will unveil its latest earnings on Monday, October 31, 2011. Cooper Tire & Rubber produces and markets passenger, light truck, medium truck, motorsport, and motorcycle tires that 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 net income of 33 cents per share, a decline of 57.1% 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 87 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 37 cents during the last month. For the year, analysts are projecting profit of $1.11 per share, a decline of 46.4% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at net income of 18 cents per share against a mean estimate of profit of 46 cents. The company topped expectations in the first quarter.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: Analysts are projecting a rise of 14.4% in revenue from the year-earlier quarter to $1.01 billion.

Analyst Ratings: Analysts are bullish on this stock with six 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 fell 73.9% to $11.5 million (18 cents a share) from $44.1 million (70 cents a share) the year earlier, missing analyst expectations. Revenue rose 14.7% to $922.2 million from $804 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 20.1% in the first quarter from the year earlier, climbed 19% in the fourth quarter of the last fiscal year from the year-ago quarter and 10% in the third quarter of the last fiscal year.

The decrease in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit increases. Net income rose 35.4% in the first quarter and 2.6% in the fourth quarter of the last fiscal year.

Competitors to Watch: Bridgestone Corp. (BRDC), AutoZone (NYSE:AZO), CarMax (NYSE:KMX), General Motors (NYSE:GM), Ford (NYSE:F), Toyota (NYSE:TM) and Goodyear Tire & Rubber Co. (NYSE:GT).

Stock Price Performance: During September 27, 2011 to October 25, 2011, the stock price had risen $3.16 (29.7%) from $10.64 to $13.80. 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% (+$2.62) 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% (-$4.74) over that span. Shares are down $9.37 (-40.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.