S&P 500 (NYSE:SPY) component E.I. du Pont de Nemours & Company (NYSE:DD) will unveil its latest earnings on Thursday, July 28, 2011. E.I. du Pont de Nemours & Company offers products and services for markets including agriculture and food, building and construction, electronics and communications, general industrial, and transportation.
E.I. du Pont de Nemours & Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.33 per share, a rise of 13.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.32. For the year, analysts are projecting net income of $3.84 per share, a rise of 17.1% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 15 cents, reporting profit of $1.52 per share against a mean estimate of net income of $1.37 per share.
Wall St. Revenue Expectations: On average, analysts predict $9.86 billion in revenue this quarter, a rise of 14.4% from the year ago quarter. Analysts are forecasting total revenue of $35.99 billion for the year, a rise of 14.3% from last year’s revenue of $31.5 billion.
Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and four rating it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 14.9%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 20.5% from the year earlier quarter.
The increase in profit in the first quarter breaks a streak of two consecutive quarters of year-over-year profit decreases. In the first quarter, net income rose 26.7%, while the figure dropped 14.7% in the fourth quarter of the last fiscal year and 10.3% in the third quarter of the last fiscal year.
The company’s gross margin shrank by 2.1 percentage points in the in the first quarter. Revenue rose 14.3% while cost of sales rose 17.9% to $6.83 billion from a year earlier.
Competitors to Watch: The Dow Chemical Company (NYSE:DOW), FMC Corporation (NYSE:FMC), PPG Industries, Inc. (NYSE:PPG), 3M Company (NYSE:MMM), Honeywell Intl. Inc. (NYSE:HON), General Electric (NYSE:GE), Rockwood Holdings, Inc. (NYSE:ROC), Monsanto Company (NYSE:MON), PolyOne Corporation (NYSE:POL), and Ashland Inc. (NYSE:ASH).
Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $3.53 (6.9%) from $51.32 to $54.85. The stock price saw one of its best stretches over the last year between January 27, 2011 and February 11, 2011 when shares rose for 12-straight days, rising 9.4% (+$4.66) over that span. It saw one of its worst periods between April 5, 2011 and April 12, 2011 when shares fell for six-straight days, falling 4.1% (-$2.29) over that span. Shares are up $5.71 (+11.6%) year to date.
(Source: Xignite Financials)