Rockwell Automation 3Q Earnings Pregame Scorecard
After falling short of analyst expectations last quarter, Rockwell Automation (NYSE:ROK) will try to redeem itself when it reports again on Wednesday.
Expectations
Analysts currently expect Rockwell Automation to come in with earnings of $1.31 per share on revenues of $1.6 billion. Analyst estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $1.34.
Stock Movement
The stock fell $10.30 per share between May 29, 2012 and June 4, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $10.44 (-13.7%), from $76.12 to $65.68.
Company Fundamental Trends The company will look to keep the its run of success flowing with earnings announcement, after experiencing income increases the last three quarters. Net income rose 53.7% in the fourth quarter of the last fiscal year and 22.1% in the first quarter before increasing again in the second quarter. On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 19.6% in the third quarter of the last fiscal year, 21.9% in the fourth quarter of the last fiscal year and 7.9% in the first quarter before increasing again in the second quarter.
Stock Ratings
Analysts think investors should stand pat on Rockwell Automation with six of 11 analysts rating it hold. 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 rose 0.8% to $167.8 million ($1.16 a share) from $166.4 million ($1.14 a share) the year earlier, but fell short analyst expectations. Revenue rose 6.6% to $1.56 billion from $1.46 billion.
Summary
Reporting Period: 3Q
Date of Release: Wednesday, July 25, 2012 before market open
EPS: $1.31
Revenue Estimate: $1.6 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)