FMC Technologies Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component FMC Technologies, Inc. (NYSE:FTI) will unveil its latest earnings on Monday, July 25, 2011. FMC Technologies, Inc. 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 net income of 39 cents per share, no change 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 40 cents. Between one and three months ago, the average estimate moved down, but has risen from 38 cents during the last month. For the year, analysts are projecting profit of $1.70 per share, a rise of 11.1% 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 net income of 32 cents per share versus a mean estimate of profit of 37 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.19 billion in revenue this quarter, a rise of 17.8% from the year ago quarter. Analysts are forecasting total revenue of $4.94 billion for the year, a rise of 19.6% from last year’s revenue of $4.13 billion.

Analyst Ratings: Analysts seem relatively indifferent about FMC Technologies with 12 of 19 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue increase in the first quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 3% in the first quarter and fell 4.9% in the fourth quarter of the last fiscal year, 11.8% in the third quarter of the last fiscal year and 8.3% in the second quarter of the last fiscal year.

While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 7.1% over the past four quarters. The quarter hit the hardest was the most recent quarter, that saw a 13.9% drop.

Competitors to Watch: Cameron Intl. Corp. (NYSE:CAM), T-3 Energy Services, Inc. (NASDAQ:TTES), Baker Hughes Incorporated (NYSE:BHI), Dril-Quip, Inc. (NYSE:DRQ), National-Oilwell Varco, Inc. (NYSE:NOV), Lufkin Industries, Inc. (NASDAQ:LUFK), Flotek Industries, Inc. (NYSE:FTK), Oil States Intl., Inc. (NYSE:OIS), Bolt Technology Corp. (NASDAQ:BOLT), and Tesco Corporation (NASDAQ:TESO).

Stock Price Performance: During June 20, 2011 to July 19, 2011, the stock price had risen $5.01 (12.5%) from $40.12 to $45.13. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 8, 2010 when shares rose for eight-straight days, rising 11.6% (+$4.09) over that span. It saw one of its worst periods between March 3, 2011 and March 10, 2011 when shares fell for six-straight days, falling 8.3% (-$4.02) over that span. Shares are up 67 cents (+1.5%) year to date.

(Source: Xignite Financials)

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