Emerson Electric Co. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Emerson Electric Co. (NYSE:EMR) will unveil its latest earnings on Tuesday, February 7, 2012. Emerson Electric is a multinational technology company that designs and supplies product technology. It provides engineering services to a wide gamut of industrial, commercial, and consumer markets worldwide.

Emerson Electric Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 50 cents per share, a decline of 20.6% 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 69 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 54 cents during the last month. For the year, analysts are projecting net income of $3.51 per share, a rise of 8.3% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of 98 cents per share versus a mean estimate of 97 cents. Two quarters ago, it reported net income of 90 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 4.5% in revenue from the year-earlier quarter to $5.29 billion.

Analyst Ratings: Analysts seem relatively indifferent about Emerson Electric with nine of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 1.6% to $761 million ($1.01 a share) from $749 million (98 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 24.8% to $6.54 billion from $5.24 billion.

Key Stats:

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 15.1%, with the biggest boost coming in the most recent quarter when revenue rose 24.8% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 16.8% in the third quarter of the last fiscal year and 37.3% in the second quarter of the last fiscal year.

Stock Price Performance: During January 3, 2012 to February 1, 2012, the stock price had risen $4.16 (8.7%) from $47.72 to $51.88. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 8.6% (+$4.51) 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 5.7% (-$3.24) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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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