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Tickers in this Article: PCP
Precision Castparts (NYSE:PCP) is expected to report increased earnings when it releases its first quarter results on Thursday, July 26, 2012. The consensus estimate is anticipating a profit of $2.36 a share, an increase from last year's $1.97 per share.

A business' earnings are the main determinant of its share price because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. SEE: 5 Tricks Companies Use During Earnings Season

What to Expect: Precision Castparts is expected to report $2.36 per share, up 19.8% from a year ago when the company reported earnings of $1.97 per share.

Though it hasn't changed in the last month, the consensus estimate is up from $2.32 three months ago. For the fiscal year, analysts are projecting earnings of $10.10 per share.

Revenue is expected to exceed last year's figure of $1.68 billion by 20% and come in at $2.01 billion for the quarter. For the fiscal year, expected revenue is $8.46 billion.

Company Performance: The last two quarters have marked rises in revenue. It increased 15.4% to $1.93 billion in fourth quarter of the last fiscal year and 14.2% in the quarter before.

Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock

Since April 25, 2012, the stock price has fallen 5.6% to $165.02 from $174.80. May 21, 2012 to May 31, 2012 marked one of Precision Castparts' worst periods, as the share price fell $5.70.

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