Goodrich Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Goodrich Corp (NYSE:GR) will unveil its latest earnings on Thursday, February 2, 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 estimate of analysts is for profit of $1.57 per share, a rise of 38.9% 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 $1.58. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.57 during the last month. For the year, analysts are projecting net income of $5.99 per share, a rise of 35.8% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 20 cents, reporting profit of $1.70 per share against a mean estimate of net income of $1.50 per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.13 billion in revenue this quarter, a rise of 17.7% from the year ago quarter. Analysts are forecasting total revenue of $8.08 billion for the year, a rise of 15.9% from last year’s revenue of $6.97 billion.

Analyst Ratings: Analysts seem relatively indifferent about Goodrich with 17 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 25.5% to $201.1 million ($1.57 a share) from $160.2 million ($1.25 a share) the year earlier, exceeding analyst expectations. Revenue rose 16.3% to $2.03 billion from $1.75 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 11.1% in the second quarter and 75.2% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 16.5% in the second quarter from the year earlier, climbed 11.8% in the first quarter from the year-ago quarter and 10% in the fourth quarter of the last fiscal year.

Competitors to Watch: Honeywell Intl. Inc. (NYSE:HON), Triumph Group, Inc. (NYSE:TGI), Esterline Tech. Corp. (NYSE:ESL), United Technologies Corp. (NYSE:UTX), HEICO Corporation (NYSE:HEI), The Boeing Company (NYSE:BA), EDAC Technologies Corp. (NASDAQ:EDAC), SIFCO Industries, Inc. (AMEX:SIF) and Breeze-Eastern Corporation (AMEX:BZC).

Stock Price Performance: During October 31, 2011 to January 27, 2012, the stock price had risen $2.23 (1.8%) from $122.34 to $124.57. 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, rising 32.8% (+$27.55) 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, falling 1.5% (-$1.83) over that span.

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

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