S&P 500 (NYSE:SPY) component Goodrich Corp (NYSE:GR) will unveil its latest earnings on Thursday, July 21, 2011. Goodrich Corp. supplies aerospace components, systems and services to the commercial and general aviation airplane markets as well as the global defense and space markets. In-depth coverage of the current earnings season>>
Goodrich Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.33 per share, a rise of 7.3% 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 $1.34. Between one and three months ago, the average estimate moved down, but it has been unchanged at $1.33 during the last month. For the year, analysts are projecting net income of $5.64 per share, a rise of 27.9% 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 11 cents, reporting profit of $1.36 per share against a mean estimate of net income of $1.25 per share.
Wall St. Revenue Expectations: On average, analysts predict $1.94 billion in revenue this quarter, a rise of 12.8% from the year ago quarter. Analysts are forecasting total revenue of $7.92 billion for the year, a rise of 13.6% from last year’s revenue of $6.97 billion.
Analyst Ratings: Analysts are bullish on this stock with 18 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 75.2% while it rose 41.2% in the fourth quarter of the last fiscal year and 10.2% in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 11.8% to $1.9 billion in first quarter. The figure rose 10% in the fourth quarter of the last fiscal year from the year earlier, climbed 6.1% in the third quarter of the last fiscal year from the year-ago quarter and 1% in the second 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), Kreisler Manufacturing Corp. (KRSL), and Breeze-Eastern Corporation (AMEX:BZC).
Stock Price Performance: During April 19, 2011 to July 15, 2011, the stock price had risen $6.73 (7.9%) from $85.67 to $92.40. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 4, 2011 when shares rose for six-straight days, rising 3.5% (+$3.15) over that span. It saw one of its worst periods between November 5, 2010 and November 16, 2010 when shares fell for eight-straight days, falling 4.6% (-$3.93) over that span. Shares are up $4.92 (+5.6%) year to date.
(Source: Xignite Financials)
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