Foster Wheeler Earnings Preview: Get Ahead of the Analysts

Foster Wheeler (NASDAQ:FWLT) will report earnings before markets open on Thursday, May 2nd. Foster Wheeler AG provides design, engineering, construction, manufacturing, project development and management, research, plant operations, and environmental services. The Company serves the petrochemical, petroleum and gas, pharmaceutical, chemical processing, and other industries. Foster Wheeler’s products include fired heaters and steam generating units.

Here is your Cheat Sheet to Foster Wheeler Ag Earnings:

Earnings Expectations: Analysts expect earnings of $0.30 per share on revenues of $872.65 million. Currently, the company’s P/E ratio stands at 16.26.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.5 to a profit $0.34. For the current year, the average estimate is a profit of $1.53, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Foster Wheeler Ag has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 6,854 5,056 4,068 4,481 3,415
Diluted EPS ($) 3.68 2.75 1.70 1.35 1.27

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,129 933.10 943.03 803.23 735.28
Diluted EPS ($) 0.3417 0.38 0.29 0.54 0.0596

Past Performance:
Foster Wheeler Ag has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]