Earnings Preview: Esterline Technologies to Report Q2 Earnings after the Bell
Esterline Technologies (NYSE: ESL), a manufacturer serving aerospace and defense customers, is expected to report second quarter 2012 earnings after market close today.
The consensus analyst expectation for Esterline's second quarter adjusted earnings per share is $1.29 on revenues of around $511 million. The current consensus estimate of $1.29 is $0.03 lower than the estimate 60 days ago.
If Esterline meets the Q2 consensus earnings per share expectation today, it would represent an approximate 12% decrease from results of the same period last year. Esterline beat analyst estimates for each of the previous four quarters.
For the following quarter, analysts are anticipating earnings per share of $1.54 on revenues of close to $523.3 million. For the full fiscal 2012, analysts expect earnings of $5.27 on revenues of around $2 billion. Management projections for coming quarters that differ from expectations could provide an occasion for stock price movement.
At the end of April, Esterline announced a new leader for its Souriau subsidiary. This followed Esterline's anouncement that it completed the acquisition of The Souriau Group for approximately $705 million in July 2011.
Esterline is scheduled to stream its earnings conference call at 5pm EST.
Shares of Esterline Technologies opened around 15 cents or .2% higher today.
Disclosure: At the time of this writing, I did not own shares of any companies mentioned in this post.
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