URS Corp Second Quarter Earnings Sneak Peek

URS Corp (NASDAQ:URS) will unveil its latest earnings on Tuesday, August 9, 2011. URS Corporation is an international provider of engineering, construction and technical services.

URS Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 92 cents per share, a rise of 16.5% 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 89 cents. Between one and three months ago, the average estimate moved up, and has risen from 91 cents during the last month. For the year, analysts are projecting profit of $3.66 per share, a decline of 0.8% from last year.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 5 cents as a result of reporting net income of 79 cents against an estimate of profit of 84 cents per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.46 billion in revenue this quarter, a rise of 9.3% from the year ago quarter. Analysts are forecasting total revenue of $9.89 billion for the year, a rise of 7.7% from last year’s revenue of $9.18 billion.

Analyst Ratings: Analysts are bullish on URS as seven analysts rate it as a buy, one rates it as a sell and eight rate it as a hold.

Key Stats:

The decrease in profit in the first quarter breaks a streak of two consecutive quarters of year-over-year profit increases. Net income fell 35.1% in the first quarter while the figure rose 77.6% in the fourth quarter of the last fiscal year and 8.7% in the third quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 5.1% to $2.32 billion while the figure rose 12.7% in the fourth quarter of the last fiscal year from the year earlier and 0.9% in the third quarter of the last fiscal year.

Competitors to Watch: Jacobs Engineering Group Inc. (NYSE:JEC), Fluor Corporation (NYSE:FLR), KBR, Inc. (NYSE:KBR), Michael Baker Corporation (AMEX:BKR), Tetra Tech, Inc. (NASDAQ:TTEK), The Shaw Group Inc. (NYSE:SHAW), Tutor Perini Corporation (NYSE:TPC), AECOM Technology Corp. (NYSE:ACM), Quanta Services, Inc. (NYSE:PWR), and Willdan Group, Inc. (NASDAQ:WLDN).

Stock Price Performance: During July 6, 2011 to August 3, 2011, the stock price had dropped $6.08 (-13.4%) from $45.36 to $39.28. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 7.2% (+$3.09) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 12% (-$5.33) over that span. Shares are down $2.33 (-5.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>