Dow Chemical and Goodrich Shares Climb Ahead of Earnings Releases

The Dow Chemical Company (NYSE:DOW) will unveil its latest earnings on Thursday, February 2, 2012. The average estimate of analysts is for profit of 32 cents per share, a decline of 31.9% 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 42 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 33 cents during the last month. Analysts are projecting profit to rise by 34% versus last year to $2.64.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of 62 cents per share versus a mean estimate of profit of 64 cents per share. In the second quarter, the company beat estimates by 5 cents. Analysts are projecting a rise of 3.1% in revenue from the year-earlier quarter to $14.19 billion.Competitors to Watch: E.I. du Pont de Nemours & Co. (NYSE:DD), Huntsman Corporation (NYSE:HUN), Eastman Chemical Company (NYSE:EMN), PolyOne Corporation (NYSE:POL), FMC Corporation (NYSE:FMC), Westlake Chemical Corp. (NYSE:WLK), Rockwood Holdings, Inc. (NYSE:ROC), Albemarle Corporation (NYSE:ALB), Solutia Inc. (NYSE:SOA), and Ashland Inc. (NYSE:ASH).

Goodrich Corp (NYSE:GR) will unveil its latest earnings on Thursday, February 2, 2012. The average estimate of analysts is for profit of $1.57 per share, a rise of 38.9% 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 $1.58. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.57 during the last month. For the year, analysts are projecting net income of $5.99 per share, a rise of 35.8% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 20 cents, reporting profit of $1.70 per share against a mean estimate of net income of $1.50 per share. On average, analysts predict $2.13 billion in revenue this quarter, a rise of 17.7% from the year ago quarter. Analysts are forecasting total revenue of $8.08 billion for the year, a rise of 15.9% from last year’s revenue of $6.97 billion.

Competitors to Watch: Honeywell Intl. Inc. (NYSE:HON), Triumph Group, Inc. (NYSE:TGI), Esterline Tech. Corp. (NYSE:ESL), United Technologies Corp. (NYSE:UTX), HEICO Corporation (NYSE:HEI), The Boeing Company (NYSE:BA), EDAC Technologies Corp. (NASDAQ:EDAC), SIFCO Industries, Inc. (AMEX:SIF) and Breeze-Eastern Corporation (AMEX:BZC).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com