Rockwell Automation, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Rockwell Automation, Inc. (NYSE:ROK) will unveil its latest earnings on Thursday, July 28, 2011. Rockwell Automation Inc. provides industrial automation power, control and information solutions to customers in the manufacturing sector. Microsoft Corp Earnings Cheat Sheet: Beats Estimates>>

Rockwell Automation, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.19 per share, a rise of 43.4% 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 $1.22. Between one and three months ago, the average estimate moved down, but it has been unchanged at $1.19 during the last month. For the year, analysts are projecting net income of $4.59 per share, a rise of 50.5% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of $1.14 per share, and the previous quarter, it had net income of $1.04.

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Wall St. Revenue Expectations: On average, analysts predict $1.48 billion in revenue this quarter, a rise of 16.5% from the year ago quarter. Analysts are forecasting total revenue of $5.82 billion for the year, a rise of 19.8% from last year’s revenue of $4.86 billion.

Analyst Ratings: Analysts seem relatively indifferent about Rockwell Automation with six of 11 analysts surveyed maintaining a hold rating.

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 26.4%, with the biggest boost coming in the first quarter when revenue rose 27.9% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 21.5% while it rose 96% in the first quarter and more than fourfold in the fourth quarter of the last fiscal year.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), AMETEK, Inc. (NYSE:AME), Parker-Hannifin Corp. (NYSE:PH), Honeywell Intl. Inc. (NYSE:HON), Perceptron, Inc. (NASDAQ:PRCP), Aspen Technology, Inc. (NASDAQ:AZPN), Emerson Electric Co. (NYSE:EMR), Baldwin Technology Co. (AMEX:BLD), Hollysys Automation Tech. Ltd (NASDAQ:HOLI), and Newport Corporation (NASDAQ:NEWP).

Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had fallen $6.08 (-6.8%) from $89.13 to $83.05. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 14, 2011 when shares rose for seven-straight days, rising 8% (+$6.55) over that span. It saw one of its worst periods between April 26, 2011 and May 4, 2011 when shares fell for seven-straight days, falling 15.5% (-$15.10) over that span. Shares are up $11.93 (+16.8%) year to date.

(Source: Xignite Financials)

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