SPX Corp Fourth Quarter Earnings Sneak Peek

SPX Corp (NYSE:SPW) will unveil its latest earnings on Thursday, February 16, 2012. SPX is a global multi-industry manufacturing company offering highly-specialized engineered solutions to solve critical problems for customers.

SPX Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.76 per share, a rise of 55.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.81. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 20.7% compared to last year’s $4.37.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of $1.21 per share against the mean estimate of $1.09. In the prior quarter, the company reported profit of 91 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 14.4% in revenue from the year-earlier quarter to $1.51 billion.

Analyst Ratings: Analysts are bullish on SPX, as six analysts rate it as a buy, none rate it as a sell and one rates it as a hold.

A Look Back: In the third quarter, profit rose 54.1% to $60.7 million ($1.20 a share) from $39.4 million (78 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7.6% to $1.39 billion from $1.29 billion.

Key Stats:

Revenue has risen for three quarters in a row. It rose 16.3% in the second quarter from the year earlier and 10.4% in the first quarter.

Stock Price Performance: Between November 14, 2011 and February 10, 2012, the stock price rose $15.73 (26.8%), from $58.79 to $74.52. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 12, 2011, when shares rose for eight straight days, increasing 23.5% (+$9.82) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12 straight days, dropping 36% (-$29.72) over that span.

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

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