United Technologies Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component United Technologies Corp (NYSE:UTX) will unveil its latest earnings on Wednesday, October 19, 2011. United Technologies provides high tech 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 $1.45 per share, a rise of 4.3% 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 $1.44. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.45 during the last month. Analysts are projecting profit to rise by 8.6% versus last year to $5.45.

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 $1.45 per share against a mean estimate of net income of $1.41 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.5% in revenue from the year-earlier quarter to $14.55 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, profit rose 18.7% to $1.32 billion ($1.45 a share) from $1.11 billion ($1.20 a share) the year earlier, exceeding analyst expectations. Revenue rose 9.2% to $15.08 billion from $13.8 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 16.9% in the first quarter and 11.7% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 10.8% in the first quarter from the year earlier, climbed 6.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 3.3% in the third 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 July 20, 2011 to October 13, 2011, the stock price had fallen $13.10 (-15.1%) from $86.64 to $73.54. 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% (+$3.84) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 10.5% (-$9.22) over that span. Shares are down $3.84 (-5%) year to date.

(Source: Xignite Financials)

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