Rockwell Collins First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Rockwell Collins (NYSE:COL) will unveil its latest earnings tomorrow, Friday, January 18, 2013. Rockwell Collins designs and produces communications and aviation electronics for commercial and military customers across the globe.

Rockwell Collins Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 90 cents per share, a rise of 4.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 99 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 90 cents during the last month. For the year, analysts are projecting net income of $4.42 per share, a rise of 0.2% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of $1.32 per share against a mean estimate of net income of $1.09 per share. In the third quarter of the last fiscal year, it missed forecasts by one cent.

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A Look Back: In the fourth quarter of the last fiscal year, profit fell 13.1% to $152 million ($1.06 a share) from $175 million ($1.13 a share) the year earlier, but exceeded analyst expectations. Revenue fell 2.3% to $1.27 billion from $1.3 billion.

Here’s how Rockwell Collins traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Wall St. Revenue Expectations: Analysts predict a decline of 4.6% in revenue from the year-earlier quarter to $1.04 billion.

Analyst Ratings: With nine analysts rating the stock a buy, one rating it a sell and five rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 7.3% in the second quarter of the last fiscal year and 5.1% in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 1.3% in the the third quarter of the last fiscal year after dropping in the fourth quarter of the last fiscal year of the last fiscal year.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.94 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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