After falling short of analyst expectations last quarter, Air Prods & Chems (NYSE:APD) will try to redeem itself when it reports again on Tuesday.
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Analysts currently expect Air Prods & Chems to come in with earnings of $1.41 per share on revenues of $2.46 billion. Estimates from analysts range from $1.36 per share to $1.45 per share. Over the past three months, the average estimate has moved down from $1.51.
The stock fell $3.72 per share between June 19, 2012 and June 21, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $7.19 (-8.1%), from $88.73 to $81.54.
Company Fundamental Trends
Analysts are bullish on the stock as nine analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the second quarter, profit fell 2.7% to $296 million ($1.38 a share) from $304.3 million ($1.39 a share) the year earlier, missing analyst expectations. Revenue fell 6.3% to $2.34 billion from $2.5 billion.
Reporting Period: 3Q
Date of Release: Tuesday, July 24, 2012 before market open
Revenue Estimate: $2.46 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)