Praxair Inc. Third Quarter Earnings Coming Soon

S&P 500 (NYSE:SPY) component Praxair, Inc. (NYSE:PX) will unveil its latest earnings on Wednesday, October 26, 2011. Praxair produces and sells atmospheric, process and specialty gases, and high-performance surface coatings to industrial clients.

Praxair, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.39 per share, a rise of 14.9% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 15.2% versus last year to $5.46.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of $1.38 per share against a mean estimate of profit of $1.37 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 11.4% in revenue from the year-earlier quarter to $2.83 billion.

Analyst Ratings: 13 out of 21 analysts surveyed (61.9%) have a buy rating on Praxair.. This is below the mean analyst rating of three competitors, which average 81.3% buy ratings.

A Look Back: In the second quarter, profit rose 14.6% to $425 million ($1.38 a share) from $371 million ($1.19 a share) the year earlier, exceeding analyst expectations. Revenue rose 13.1% to $2.86 billion from $2.53 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 11.3% in the first quarter from the year earlier, climbed 9% in the fourth quarter of the last fiscal year from the year-ago quarter and 10.9% in the third quarter of the last fiscal year.

While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 0.9% over the past four quarters. The quarter hit the hardest was the fourth quarter of the last fiscal year, that saw a 60.9% drop.

Competitors to Watch: Air Products & Chemicals, Inc. (NYSE:APD), Airgas, Inc. (NYSE:ARG), and Rentech, Inc. (AMEX:RTK).

Stock Price Performance: During August 24, 2011 to October 20, 2011, the stock price had risen $9.57 (10.4%) from $91.98 to $101.55. The stock price saw one of its best stretches over the last year between August 22, 2011 and August 31, 2011 when shares rose for eight-straight days, rising 10.7% (+$9.51) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 5.1% (-$5.30) over that span. Shares are up $7.51 (+8%) year to date.

(Source: Xignite Financials)

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