Market Overview

Earnings Preview For Esterline Technologies

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Esterline Technologies (NYSE: ESL) unveils its next round of earnings Thursday. Get prepared with Benzinga's ultimate preview for Esterline Technologies' Q2 earnings.

Earnings and Revenue

Wall Street analysts see Esterline Technologies reporting earnings of 81 cents per share on revenue of $506.2 million.

If the company were to report inline earnings when it publishes results Thursday, earnings would be down 32.5 percent. Sales would be down 0.59 percent from the same quarter last year. Here's how the Esterline Technologies's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q1 2018 Q4 2017 Q3 2017 Q2 2017
EPS Estimate 0.39 1.53 1.3 0.91
EPS Actual 0.49 1.27 1.08 1.2

 

Stock Performance

Over the past 52-week period, shares of Esterline Technologies have declined 22.3 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts have been rating Esterline Technologies stock as Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Esterline Technologies' Q2 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: http://www.esterline.com/InvestorRelations/Presentations.aspx

Posted-In: Earnings News

 

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