FLIR Systems, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component FLIR Systems, Inc. (NASDAQ:FLIR) will unveil its latest earnings on Thursday, October 20, 2011. FLIR Systems designs and manufactures thermal imaging systems used for a variety of applications in commercial, industrial and government markets across the globe.

FLIR Systems, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 37 cents per share, a decline of 5.1% 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 43 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 37 cents during the last month. For the year, analysts are projecting net income of $1.52 per share, a decline of 2.6% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 35 cents per share versus a mean estimate of net income of 36 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 18.9% in revenue from the year-earlier quarter to $395.3 million.

Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, one rating it as a sell and five rating it as a hold.

A Look Back: In the second quarter, profit fell 50.7% to $29.3 million (18 cents a share) from $59.5 million (37 cents a share) the year earlier, missing analyst expectations. Revenue rose 17.8% to $390 million from $331.1 million.

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 25.9%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 39.4% from the year earlier quarter.

The company has seen net income fall in each of the last two quarters. Net income dropped 8.2% in the first quarter.

Competitors to Watch: L-3 Communications Hldgs., Inc. (NYSE:LLL), Implant Sciences Corp. (IMSC), General Dynamics Corp. (NYSE:GD), Raytheon Company (NYSE:RTN), Irvine Sensors Corporation (IRSN), Elbit Systems Ltd. (NASDAQ:ESLT), Herley Industries, Inc. (NASDAQ:HRLY), Cubic Corporation (NYSE:CUB), Anaren, Inc. (NASDAQ:ANEN), and Tel-Instrument Electronics Corp. (AMEX:TIK).

Stock Price Performance: During August 18, 2011 to October 14, 2011, the stock price had risen $5.06 (22.7%) from $22.31 to $27.37. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 6.8% (+$2.16) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10-straight days, falling 15.4% (-$4.43) over that span. Shares are down $2.20 (-7.4%) year to date.

(Source: Xignite Financials)

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