United Technologies Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component United Technologies Corp (NYSE:UTX) will unveil its latest earnings on Wednesday, July 20, 2011. United Technologies provides high technology products and services to the building systems and aerospace industries worldwide.

United Technologies Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.41 per share, a rise of 6.8% 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 $1.36. Between one and three months ago, the average estimate moved up, and has risen from $1.40 during the last month. For the year, analysts are projecting profit of $5.43 per share, a rise of 8.2% 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 7 cents, reporting net income of $1.13 per share against a mean estimate of profit of $1.06 per share.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $14.69 billion in revenue this quarter, a rise of 5.8% from the year ago quarter. Analysts are forecasting total revenue of $57.76 billion for the year, a rise of 6.3% from last year’s revenue of $54.33 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 16.9% while it rose 11.7% in the fourth quarter of the last fiscal year and 13.2% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 10.8% to $13.34 billion in first quarter. The figure rose 6.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 3.3% in the third quarter of the last fiscal year from the year-ago quarter and 5.7% in the second quarter of the last fiscal year.

Competitors to Watch: Honeywell Intl. Inc. (NYSE:HON), General Electric Company (NYSE:GE), The Boeing Company (NYSE:BA), Goodrich Corporation (NYSE:GR), Northrop Grumman Corp. (NYSE:NOC), Triumph Group, Inc. (NYSE:TGI), Esterline Tech. Corp. (NYSE:ESL), Textron Inc. (NYSE:TXT), Rolls-Royce Group plc (RYCEY), and Zardoya Otis SA (ZOT).

Stock Price Performance: During April 18, 2011 to July 14, 2011, the stock price had risen $6.57 (8.1%) from $81.25 to $87.82. The stock price saw one of its best stretches over the last year between January 31, 2011 and February 14, 2011 when shares rose for 11-straight days, rising 4.8% (+$3.87) over that span. It saw one of its worst periods between August 17, 2010 and August 26, 2010 when shares fell for eight-straight days, falling 7.2% (-$4.96) over that span. Shares are up $9.92 (+12.7%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!