FMC Technologies Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component FMC Technologies, Inc. (NYSE:FTI) will unveil its latest earnings on Tuesday, February 14, 2012. FMC Technologies is a global provider of technologically sophisticated systems and products for the energy industry.

FMC Technologies, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 50 cents per share, a rise of 47.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 12.4% versus last year to $1.72.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of 50 cents per share against a mean estimate of profit of 47 cents. The company fell in line with estimates in the second quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 30.9% in revenue from the year-earlier quarter to $1.44 billion.

Analyst Ratings: Analysts are bullish on FMC Technologies as seven analysts rate it as a buy, three rate it as a sell and nine rate it as a hold.

A Look Back: In the third quarter, profit rose 49.5% to $121.1 million (50 cents a share) from $81 million (34 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 34.1% to $1.29 billion from $960 million.

Key Stats:

The increase in profit in the third quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 2% in the second quarter and 13.9% in the first quarter.

Revenue has gone up for three straight quarters. It rose 21.4% in the second quarter from the year earlier and 3% in the first quarter.

Stock Price Performance: During November 10, 2011 to February 8, 2012, the stock price had risen $7.71 (16.6%) from $46.37 to $54.08. The stock price saw one of its best stretches over the last year between November 23, 2011 and December 5, 2011 when shares rose for eight-straight days, rising 17.8% (+$8.11) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 12% (-$5.30) 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