Market Overview

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.

  • To see up-to-date news on Praxair, click here
  • To see other trading ideas, click here
  • To see other company earnings recaps, click here

Posted-In: Earnings Long Ideas News Short Ideas Previews Trading Ideas

 

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