Johnson Controls, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Johnson Controls, Inc. (NYSE:JCI) will unveil its latest earnings on Wednesday, July 20, 2011. Johnson Controls Inc. 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 53 cents per share, a decline of 1.9% 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, but it has been unchanged at 53 cents during the last month. For the year, analysts are projecting net income of $2.44 per share, a rise of 23.9% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 56 cents per share versus a mean estimate of net income of 55 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $9.53 billion in revenue this quarter, a rise of 11.6% from the year ago quarter. Analysts are forecasting total revenue of $39.55 billion for the year, a rise of 15.3% from last year’s revenue of $34.3 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

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 18.2%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 22.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 29.2% while it rose 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 June 15, 2011 to July 14, 2011, the stock price had risen $4.50 (12.4%) from $36.26 to $40.76. 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% (+$4.01) 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% (-$2.76) over that span. Shares are up $2.87 (+7.6%) year to date.

(Source: Xignite Financials)

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