Fortune Brands, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fortune Brands, Inc. (NYSE:FO) will unveil its latest earnings on Thursday, August 4, 2011. Fortune Brands, Inc. manufactures and sells distilled spirits, home and hardware products and golf products.

Fortune Brands, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 97 cents per share, a decline of 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 $1.04. Between one and three months ago, the average estimate moved down, but it has been unchanged at 97 cents during the last month. For the year, analysts are projecting net income of $3.23 per share, a rise of 14.9% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 59 cents per share against a mean estimate of net income of 51 cents, and the quarter before, the company exceeded forecasts by 5 cents with profit of 63 cents versus a mean estimate of net income of 58 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.94 billion in revenue this quarter, a rise of 2.1% from the year ago quarter. Analysts are forecasting total revenue of $7.51 billion for the year, a rise of 5.2% from last year’s revenue of $7.14 billion.

Analyst Ratings: Analysts seem relatively indifferent about Fortune Brands with nine of 12 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 7.3% to $1.61 billion in first quarter. The figure rose 6.1% in the fourth quarter of the last fiscal year from the year earlier, climbed 0.1% in the third quarter of the last fiscal year from the year-ago quarter and 9.5% in the second quarter of the last fiscal year.

Competitors to Watch: Masco Corporation (NYSE:MAS), American Woodmark Corp. (NASDAQ:AMWD), Patrick Industries, Inc. (NASDAQ:PATK), Constellation Brands, Inc. (NYSE:STZ), U.S. Home Systems, Inc. (NASDAQ:USHS), and Newell Rubbermaid Inc. (NYSE:NWL).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had fallen $4.25 (-6.6%) from $64.46 to $60.21. The stock price saw one of its best stretches over the last year between September 7, 2010 and September 15, 2010 when shares rose for seven-straight days, rising 4.1% (+$1.92) over that span. It saw one of its worst periods between February 4, 2011 and February 15, 2011 when shares fell for eight-straight days, falling 2.5% (-$1.57) over that span. Shares are up 32 cents (+0.5%) year to date.

(Source: Xignite Financials)

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