S&P 500 (NYSE:SPY) component Roper Industries (NYSE:ROP) will unveil its latest earnings on Thursday, October 25, 2012. 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 Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.23 per share, a rise of 9.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $4.91 per share, a rise of 14.5% from last year.
Past Earnings Performance: Last quarter, the company saw net income of $1.15 per share versus a mean estimate of profit of $1.15 per share. This comes after two consecutive quarters of exceeding expectations.
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Stock Price Performance: Between July 26, 2012 and October 19, 2012, the stock price rose $11.94 (12.5%), from $95.87 to $107.81. The stock price saw one of its best stretches over the last year between January 4, 2012 and January 19, 2012, when shares rose for 11 straight days, increasing 7.7% (+$6.76) over that span. It saw one of its worst periods between August 23, 2012 and August 30, 2012 when shares fell for six straight days, dropping 1.9% (-$1.99) over that span.
A Look Back: In the second quarter, profit rose 8% to $114.8 million ($1.15 a share) from $106.3 million ($1.08 a share) the year earlier, meeting analyst expectations. Revenue rose 3.6% to $724.9 million from $699.9 million.
Wall St. Revenue Expectations: Analysts are projecting a rise of 6.8% in revenue from the year-earlier quarter to $761.3 million.
After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 13.4% in the fourth quarter of the last fiscal year and 21.7% in the first quarter before increasing again in the second quarter.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 17.8% in the third quarter of the last fiscal year, 8.8% in the fourth quarter of the last fiscal year and 10.2% in the first quarter before increasing again in the second quarter.
Analyst Ratings: There are mostly holds on the stock with five of nine analysts surveyed giving that rating.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.59 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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