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Wednesday, July 25, 2012

2 DOW’s Upcoming Earnings: The Boeing Company & Caterpillar Inc (NYSE: BA, CAT)


As earnings season has started picking up, two DOW’s components are scheduled to report their earnings on Wednesday, 25 Jul, 2012.

The Boeing Company(NYSE:BA) is all set to report its second quarter earnings on Wednesday before the market open with analysts estimating the company to report lower profit despite higher revenue.

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On an average, analysts are targeting the company to earn $1.12 a share, down from a year ago profit of $1.25 a share. Revenue is projected to grow by 17.10% year over year to $19.37 billion, from $16.54 billion a year ago quarter.

In all the past four quarters, the company has beaten analysts’ estimates by wide margin. Shares of the company have fallen over 1% in the past three months, while YTD is down 2%. On its Q1 report, Boeing forecast FY12 EPS of $4.14-$4.35, consensus $4.47, and revenue of $78B-$80B, consensus $79.08B. Management said passenger traffic remained resilient and cargo traffic was stabilizing.



Caterpillar Inc.(NYSE:CAT) too is all set to report its second quarter earnings on Wednesday before the market open with analysts estimating the company to report higher profit despite double digit  revenue growth.

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On an average, analysts are targeting the company to earn $2.28 a share, up from a year ago profit of $1.52 a share. Revenue is projected to grow by 20.20% year over year to $17.11 billion, from $14.23 billion a year ago quarter.

In all the past three quarters, the company has beaten analysts’ estimates by wide margin. Shares of the company have fallen over 25% in the past three months, while YTD is down 10%. On its Q1 report, Boeing forecast FY12 EPS of $4.14-$4.35, consensus $4.47, and revenue of $78B-$80B, consensus $79.08B. Management said passenger traffic remained resilient and cargo traffic was stabilizing.



Caterpillar reported mixed results in Q1, handily beating EPS but missing revenue estimates. On its Q1 earnings report, the company raised its FY12 EPS view to $9.50 from $9.25, consensus $9.54.

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