Precision Castparts Earnings: What Investors Should Watch

Precision Castparts (NYSE:PCP) will report earnings before markets open on Thursday, May 9th. Precision Castparts Corp. is a worldwide manufacturer of complex metal components and products. The Company manufactures large, complex structural investment castings and airfoil castings used in jet aircraft engines. Precision has also expanded into the industrial gas turbine, industrial metal working tools and machines, and other metal products markets.

Here is your Cheat Sheet to Precision Castparts Earnings:

Earnings Expectations: Analysts expect earnings of $2.76 per share on revenues of $2.51 billion. Currently, the company’s P/E ratio stands at 20.45.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $2.84 to a profit $2.85. For the current year, the average estimate is a profit of $9.73, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Precision Castparts has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 6,750 6,801 5,459 6,220 7,215
Diluted EPS ($) 7.04 7.43 6.49 7.04 8.41

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,802 1,958 1,970 1,930 2,043
Diluted EPS ($) 2.11 2.299 2.33 2.27 2.30

Past Performance:
Precision Castparts has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]