Precision Castparts Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Precision Castparts Corp. (NYSE:PCP) will unveil its latest earnings on Thursday, May 17, 2012. Precision Castparts manufactures complex metal components and products and provides investment castings, forgings, and fastener systems for aerospace and industrial gas turbine applications.

Precision Castparts Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $2.27 per share, a rise of 21.4% 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 moved down. It has risen from $2.26 during the last month. For the year, analysts are projecting net income of $8.39 per share, a rise of 19.7% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 9 cents, coming in at profit of $2.12 per share against an estimate of net income of. In the second quarter, the company also missed expectations.

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Wall St. Revenue Expectations: Analysts predict a rise of 15.6% in revenue from the year-earlier quarter to $1.93 billion.

Analyst Ratings: Analysts are high on the stock, with 13 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit rose 19.8% to $307.3 million ($2.11 a share) from $256.5 million ($1.78 a share) the year earlier, but fell short analyst expectations. Revenue rose 14.2% to $1.82 billion from $1.59 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 16.3%, with the biggest boost coming in the second quarter when revenue rose 18.7% from the year earlier quarter.

For three consecutive quarters, the comapny has seen net income rise. Net income rose 17.4% in the second quarter and 21.7% in the first quarter.

Stock Price Performance: Between March 15, 2012 and May 11, 2012, the stock price had fallen $5.93 (-3.4%), from $175.41 to $169.48. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 6, 2011, when shares rose for eight straight days, increasing 10.6% (+$16.22) over that span. It saw one of its worst periods between May 2, 2012 and May 10, 2012 when shares fell for seven straight days, dropping 5.6% (-$10.03) over that span.

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

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