Roper Industries, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Roper Industries, Inc. (NYSE:ROP) will unveil its latest earnings on Monday, October 24, 2011. Roper Industries 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 $1.08 per share, a rise of 24.1% 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 $1.02. Between one and three months ago, the average estimate moved up. It has risen from $1.07 during the last month. For the year, analysts are projecting net income of $4.26 per share, a rise of 26.4% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting profit of $1.03 per share against a mean estimate of net income of 99 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 18.8% in revenue from the year-earlier quarter to $719 million.

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.

A Look Back: In the second quarter, profit rose 49.1% to $106.3 million ($1.08 a share) from $71.3 million (74 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 23.4% to $699.9 million from $567.1 million.

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 22.9%, 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 seen net income rise in three straight quarters. Net income rose 49% in the first quarter and 49.2% in the fourth 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 August 22, 2011 to October 18, 2011, the stock price had risen $11.41 (17.3%) from $65.81 to $77.22. 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% (+$9.05) over that span. It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven-straight days, falling 10.8% (-$9.36) over that span. Shares are up $1.22 (+1.6%) year to date.

(Source: Xignite Financials)

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