Earnings Preview: Praxair's EPS, Revenue Expected to Rise
Earnings and Revenue:
Analysts are looking ahead to a positive EPS of $1.39/share and revenues of $2.83 billion. Praxair's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.21/share on revenues of $2.54 billion. We'll have to wait for Wednesday to see if Praxair has accomplished the estimated 14.9% rise in EPS and 11.4% increase 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:
At last check, shares of Praxair were trading at $101.55. Since January 1st, shares of Praxair have given investors a return of 8%. For a full 12 months, the return has risen by 15.7%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Praxair is a Moderate Buy. This rating has strengthened slightly over the past ninety days.
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 & Chemicals (NYSE: APD): Moderate Buy with a $1.46 recent quarter EPS
- Airgas (NYSE: ARG): Moderate Buy with a $0.99 recent quarter EPS
- Rentech (RTK): Hold with a $0.03 recent quarter EPS
The chemicals-diversified company's industry has seen price/earnings growth of 1.1% during the current fiscal year.
Finally, a description of the company's main areas of operation: Praxair produces and sells atmospheric, process and specialty gases, and high-performance surface coatings to industrial clients.
That's your advanced look at Praxair's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.