Goodrich Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Goodrich Corp (NYSE:GR) will unveil its latest earnings on Thursday, April 26, 2012. Goodrich supplies aerospace components, systems and services to the commercial and general aviation airplane markets as well as the global defense and space markets.

Goodrich Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.64 per share, a rise of 20.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.55. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.64 during the last month. Analysts are projecting profit to rise by 6.1% compared to last year’s $6.99.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 31 cents, reporting net income of $1.88 per share against a mean estimate of profit of $1.57 per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.12 billion in revenue this quarter, a rise of 11.6% from the year-ago quarter. Analysts are forecasting total revenue of $8.93 billion for the year, a rise of 10.7% from last year’s revenue of $8.07 billion.

Analyst Ratings: Analysts seem relatively indifferent about Goodrich with 15 of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 60.4% to $237.9 million ($1.85 a share) from $148.3 million ($1.15 a share) the year earlier, exceeding analyst expectations. Revenue rose 18.8% to $2.15 billion from $1.81 billion.

Key Stats:

Entering this earnings announcement, the company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that time, the company has averaged growth of 15.9% each quarter.

Stock Price Performance: Between January 25, 2012 and April 20, 2012, the stock price rose $1.06 (0.9%), from $124.24 to $125.30. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 20, 2011, when shares rose for eight straight days, increasing 32.8% (+$27.48) over that span. It saw one of its worst periods between September 23, 2011 and October 3, 2011 when shares fell for seven straight days, dropping 1.5% (-$1.83) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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