Johnson Controls Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Johnson Controls, Inc. (NYSE:JCI) will unveil its latest earnings on Thursday, October 27, 2011. 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 76 cents per share, a rise of 26.7% 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 79 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 78 cents during the last month. Analysts are projecting profit to rise by 23.4% versus last year to $2.43.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at net income of 56 cents a share versus the estimate of profit of 53 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $10.58 billion in revenue this quarter, a rise of 17% from the year ago quarter. Analysts are forecasting total revenue of $40.55 billion for the year, a rise of 18.2% from last year’s revenue of $34.3 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, profit fell 14.6% to $357 million (52 cents a share) from $418 million (61 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 21.4% to $10.36 billion from $8.54 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 17.9%, with the biggest boost coming in the second quarter when revenue rose 22% from the year earlier quarter.

The decrease in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 29.2% in the second quarter, 7.1% in the first quarter and 49.7% in the fourth quarter of the last fiscal year.

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 September 23, 2011 to October 21, 2011, the stock price had risen $5.96 (22.3%) from $26.73 to $32.69. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 11, 2011 when shares rose for eight-straight days, rising 10.8% (+$3.99) over that span. It saw one of its worst periods between April 1, 2011 and April 12, 2011 when shares fell for eight-straight days, falling 6.6% (-$2.74) over that span. Shares are down $4.99 (-13.2%) year to date.

(Source: Xignite Financials)

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