S&P 500 (NYSE:SPY) component Roper Industries, Inc. (NYSE:ROP) will unveil its latest earnings on Monday, July 25, 2011. Roper Industries Inc. designs and manufactures energy systems and controls, scientific and industrial imaging products and software, industrial technology products and radio frequency products and services.
Roper Industries, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 99 cents per share, a rise of 33.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 95 cents. For the year, analysts are projecting net income of $4.11 per share, a rise of 22% from last year.
Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 91 cents per share versus a mean estimate of net income of 87 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $680.1 million in revenue this quarter, a rise of 19.9% from the year ago quarter. Analysts are forecasting total revenue of $2.77 billion for the year, a rise of 15.9% from last year’s revenue of $2.39 billion.
Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and four rating it as a hold.
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 20.1%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 24.6% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 49% while it rose 49.2% in the fourth quarter of the last fiscal year and 49.4% in the third quarter of the last fiscal year.
Competitors to Watch: Danaher Corporation (NYSE:DHR), ESCO Technologies Inc. (NYSE:ESE), AMETEK, Inc. (NYSE:AME), Emerson Electric Co. (NYSE:EMR), Badger Meter, Inc. (NYSE:BMI), Cognex Corporation (NASDAQ:CGNX), Luna Innovations Inc. (NASDAQ:LUNA), Hurco Companies, Inc. (NASDAQ:HURC), Electro-Sensors, Inc. (NASDAQ:ELSE), and Schmitt Industries, Inc. (NASDAQ:SMIT).
Stock Price Performance: During April 21, 2011 to July 19, 2011, the stock price had fallen $4.16 (-4.8%) from $86.26 to $82.10. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 14, 2011 when shares rose for 12-straight days, rising 12% (+$9.06) over that span. It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven-straight days, falling 4.2% (-$3.73) over that span. Shares are up $5.98 (+7.9%) year to date.
(Source: Xignite Financials)
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