S&P 500 (NYSE:SPY) component FMC Corp (NYSE:FMC) will unveil its latest earnings on Monday, August 1, 2011. FMC Corp., a chemical manufacturing company, offers innovative solutions, applications and products to agricultural, consumer and industrial markets around the world.
FMC Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.51 per share, a rise of 18% 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 $1.52. Between one and three months ago, the average estimate moved down, but has risen from $1.50 during the last month. For the year, analysts are projecting net income of $5.72 per share, a rise of 18.2% 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 5 cents, reporting profit of $1.49 per share against a mean estimate of net income of $1.44 per share.
Wall St. Revenue Expectations: On average, analysts predict $811.5 million in revenue this quarter, a rise of 4.5% from the year ago quarter. Analysts are forecasting total revenue of $3.29 billion for the year, a rise of 5.4% from last year’s revenue of $3.12 billion.
Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and one rating it as a hold.
Revenue has risen the past four quarters. Revenue increased 5.1% to $795 million in first quarter. The figure rose 12.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 8.3% in the third quarter of the last fiscal year from the year-ago quarter and 10.9% in the second quarter of the last fiscal year.
Competitors to Watch: E.I. du Pont de Nemours & Co. (NYSE:DD), The Dow Chemical Company (NYSE:DOW), Eastman Chemical Company (NYSE:EMN), Rockwood Holdings, Inc. (NYSE:ROC), PPG Industries, Inc. (NYSE:PPG), Ashland Inc. (NYSE:ASH), Monsanto Company (NYSE:MON), Sociedad Quimica y Minera (NYSE:SQM), and Minerals Technologies Inc (NYSE:MTX).
Stock Price Performance: During June 27, 2011 to July 26, 2011, the stock price had risen $8.44 (10.2%) from $82.94 to $91.38. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight-straight days, rising 7.7% (+$6.39) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 7.3% (-$6.16) over that span. Shares are up $11.78 (+14.8%) year to date.
(Source: Xignite Financials)