Goodrich Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Goodrich Corp (NYSE:GR) will unveil its latest earnings on Thursday, October 27, 2011. 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 $1.50 per share, a rise of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.49. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.50 during the last month. Analysts are projecting profit to rise by 35.8% versus last year to $5.99.

Past Earnings Performance: Last quarter, the company beat estimates by 18 cents, coming in at net income of $1.51 a share versus the estimate of profit of $1.33 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $2.07 billion in revenue this quarter, a rise of 18.3% from the year ago quarter. Analysts are forecasting total revenue of $8.1 billion for the year, a rise of 16.2% from last year’s revenue of $6.97 billion.

Analyst Ratings: Analysts seem relatively indifferent about Goodrich with 15 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 11.1% to $176.6 million ($1.38 a share) from $159 million ($1.24 a share) the year earlier, exceeding analyst expectations. Revenue rose 16.5% to $2 billion from $1.72 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 75.2% in the first quarter and 41.2% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 11.8% in the first quarter from the year earlier, climbed 10% in the fourth quarter of the last fiscal year from the year-ago quarter and 6.1% in the third 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 August 25, 2011 to October 21, 2011, the stock price had risen $38.93 (46.5%) from $83.67 to $122.60. 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% (+$27.61) 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% (-$3.92) over that span. Shares are up $35.41 (+40.6%) year to date.

(Source: Xignite Financials)

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