Having exceeded expectations last quarter by 32 cents per share, United Technologies (NYSE:UTX) is scheduled to report again on Thursday.
Analysts currently expect United Technologies to come in with earnings of $1.42 per share on revenues of $14.45 billion. Analysts gave estimates ranging from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $1.45.
The stock fell $4.21 per share between May 29, 2012 and June 5, 2012. Looking at change over the last three months, April 25, 2012 and July 20, 2012, the stock price fell $5.58 (-7%), from $79.81 to $74.23.
Company Fundamental Trends
Analysts are bullish on the stock as 15 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Last Quarter's Results
In the first quarter, profit fell 67.4% to $330 million (37 cents a share) from $1.01 billion ($1.11 a share) the year earlier, but exceeded analyst expectations. Revenue fell 6.9% to $12.42 billion from $13.34 billion.
Reporting Period: 2Q
Date of Release: Thursday, July 26, 2012 before market open
Revenue Estimate: $14.45 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)