Johnson Controls Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Johnson Controls, Inc. (NYSE:JCI) will unveil its latest earnings on Thursday, January 19, 2012. Johnson Controls is a technology and industrial company focused on building efficiency, automotive experience and power solutions.

Johnson Controls, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 62 cents per share, a rise of 12.7% 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 68 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 62 cents during the last month. Analysts are projecting profit to rise by 23.2% versus last year to $2.97.

Past Earnings Performance: Last quarter, the company missed estimates by one cent, coming in at net income of 75 cents per share versus a mean estimate of profit of 76 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $10.52 billion in revenue this quarter, a rise of 10.3% from the year ago quarter. Analysts are forecasting total revenue of $44.07 billion for the year, a rise of 7.9% from last year’s revenue of $40.83 billion.

Analyst Ratings: Analysts are bullish on this stock with 19 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 19.8% to $538 million (78 cents a share) from $449 million (66 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 19.3% to $10.79 billion from $9.04 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 22% from the year earlier quarter.

The increase in profit in the fourth quarter of the last fiscal year came after net income fell in the previous quarter. In the third quarter of the last fiscal year, net income fell 14.6%.

Competitors to Watch: Lear Corporation (NYSE:LEA), Visteon Corporation (NYSE:VC), Gentex Corporation (NASDAQ:GNTX), Motorcar Parts of America, Inc. (NASDAQ:MPAA), United Technologies Corp. (NYSE:UTX), Honeywell Intl. Inc. (NYSE:HON), Commercial Vehicle Group, Inc. (NASDAQ:CVGI), Modine Manufacturing Co. (NYSE:MOD), Stoneridge, Inc. (NYSE:SRI), and Strattec Security Corp. (NASDAQ:STRT).

Stock Price Performance: During December 14, 2011 to January 13, 2012, the stock price had risen $6.18 (21.4%) from $28.87 to $35.05. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 12, 2012 when shares rose for 11-straight days, rising 14.5% (+$4.45) over that span. It saw one of its worst periods between November 11, 2011 and November 25, 2011 when shares fell for 10-straight days, falling 13.4% (-$4.23) over that span.

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

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