ITT Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ITT Corporation (NYSE:ITT) will unveil its latest earnings on Wednesday, February 15, 2012. ITT Corporation is a global multi-industry company that designs and manufactures engineered products and related services.

ITT Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 35 cents per share, a decline of 87.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 36 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 35 cents during the last month. Analysts are projecting profit to rise by 83% compared to last year’s $1.50.

Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at net income of $2.34 per share versus a mean estimate of profit of $2.36 per share. In the second quarter, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 83.2% in revenue from the year-earlier quarter to $511.3 million.

Analyst Ratings: Analysts seem relatively indifferent about ITT with five of nine analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 46.2% to $78 million (84 cents a share) from $145 million ($1.56 a share) the year earlier, missing analyst expectations. Revenue rose 12.8% to $2.98 billion from $2.64 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 10.4% in the second quarter from the year earlier, climbed 4.7% in the first quarter from the year-ago quarter and 5.8% in the fourth quarter of the last fiscal year.

The company has seen net income fall in each of the last three quarters. Net income fell 29.4% in the second quarter and 15.1% in the first quarter.

Stock Price Performance: Between December 12, 2011 and February 9, 2012, the stock price had risen $3.15 (16.1%), from $19.56 to $22.71. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 12, 2012, when shares rose for nine straight days, increasing 13.9% (+$2.69) over that span. It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine straight days, dropping 15.3% (-$17.18) over that span.

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

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