Rockwell Collins, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Rockwell Collins, Inc. (NYSE:COL) will unveil its latest earnings on Friday, July 22, 2011. Rockwell Collins, Inc. designs and produces communications and aviation electronics for commercial and military customers across the globe.

Rockwell Collins, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.03 per share, a rise of 15.7% 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 $1.04. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month. For the year, analysts are projecting net income of $4.08 per share, a rise of 15.9% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 9 cents in the first quarter, the company fell in line with expecations by reporting profit of 96 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $1.26 billion in revenue this quarter, a rise of 4.1% from the year ago quarter. Analysts are forecasting total revenue of $4.94 billion for the year, a rise of 6% from last year’s revenue of $4.66 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 1.4% while it rose 24.8% in the first quarter and 11.9% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 7.1% to $1.22 billion in second quarter. The figure rose 8.1% in the first quarter from the year earlier, climbed 7.7% in the fourth quarter of the last fiscal year from the year-ago quarter and 12% in the third quarter of the last fiscal year.

Competitors to Watch: The Boeing Company (NYSE:BA), Honeywell Intl. Inc. (NYSE:HON), BAE Systems PLC (BAESY), General Dynamics Corp. (NYSE:GD), Elbit Systems Ltd. (NASDAQ:ESLT), L-3 Communications Hldgs., Inc. (NYSE:LLL), Northrop Grumman Corp. (NYSE:NOC), Raytheon Company (NYSE:RTN), LMI Aerospace, Inc. (NASDAQ:LMIA), and Innovative Solutions & Support Inc (NASDAQ:ISSC).

Stock Price Performance: During April 20, 2011 to July 18, 2011, the stock price had fallen $5.62 (-8.8%) from $63.54 to $57.92. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 10, 2011 when shares rose for 10-straight days, rising 5.7% (+$3.61) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 7.4% (-$4.65) over that span. Shares are up 9 cents (+0.2%) year to date.

(Source: Xignite Financials)

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