Earnings Preview: Praxair EPS, Revenue Expected to Rise from Previous Quarter
Praxair (NYSE: PX) unveils its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's essential guide to Praxair's second quarter earnings report.
Earnings and Revenue:
Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of $1.37 per share and revenues of $2.79 billion. Whether the reported numbers beat or miss analysts' estimates, they will also be compared against last year's numbers for the same period, which were a profit of $1.19 per share on revenues of $2.53 billion. We'll know on Wednesday whether Praxair has managed the estimated 15.1% increase in EPS and 10.3% rise in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $1.27 | $1.23 | $1.20 | $1.14 |
EPS Actual | $1.29 | $1.25 | $1.21 | $1.19 |
Stock Performance:
At last check, shares of Praxair were trading at $107.19. Since January 1st, shares of Praxair have given investors a return of 13.4%.
Average Stock Rating:
The average rating by analysts for Praxair is a Moderate Buy. This rating has strengthened slightly over the past ninety days.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Praxair's peers.
- Air Products and Chemicals (APD): Moderate Buy with a $1.41 recent quarter EPS
- Airgas (ARG): Moderate Buy with a $0.88 recent quarter EPS
Praxair is in the chemicals-diversified industry, which has experienced price/earnings growth of 1.2%.
Finally, a description of the company's main areas of operation: Praxair Inc. produces and sells atmospheric, process and specialty gases, and high-performance surface coatings to industrial clients.
Take Action:
There is your peek into Praxair's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.
Posted-In: Earnings Long Ideas News Short Ideas Previews Trading Ideas