Last quarter Cooper Industries plc (CBE) topped estimates by 6 cents per share, and it is scheduled to report again on Wednesday.

Expectations

Analysts currently expect Cooper Industries plc to come in with earnings of $1.12 per share on revenues of $1.47 billion. Estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved up from $1.11.

Stock Movement

The biggest recent change for the stock came on May 21, 2012, when it rose $14.04 per share to $69.88. Looking at change over the last three months, from April 23, 2012 and July 18, 2012, the stock price is up $7.06 (11.5%), from $61.18 to $68.24.

Company Fundamental Trends
In the aftermarth of a profit drop last quarter that a positive string of results, the company is looking to get back on track with this earnings announcement. Before falling in the first quarter, revenue rose more than threefold in the second quarter of the last fiscal year, 13.1% in the third quarter of the last fiscal year and 12.7% in the fourth quarter of the last fiscal year. On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 2.4% in the second quarter of the last fiscal year, 12% in the third quarter of the last fiscal year and 9% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Stock Ratings

Analysts think investors should stand pat on Cooper Industries plc with 11 of 14 analysts rating it hold.

Last Quarter's Results

In the first quarter, profit fell 53.6% to $160.7 million ($1 a share) from $346.1 million ($2.07 a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.9% to $1.4 billion from $1.28 billion.

Summary

 

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012 before market open

EPS: $1.12

Revenue Estimate: $1.47 billion

 

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