Earnings Preview: Rockwell Automation

| About: Rockwell Automation, (ROK)

Rockwell Automation (NYSE:ROK) is expected to report Q1 earnings before the market open on Wednesday, January 26 with a conference call scheduled for 8:30 am ET.

Guidance

Analysts are looking for EPS of 87c on revenue of $1.29B. The consensus range is 76c-95c for EPS, and $1.22B-$1.34B for revenue, according to First Call. The company has met or exceeded EPS and revenue estimates for the past three quarters. On its Q4 earnings report, it guided FY11 EPS and revenue higher than consensus estimates. The company also forecast the global recovery to continue in 2011, and noted that it was starting to see signs of improving capital project spending. Recent sentiment on the street has been positive.

Analyst Views

On November 9, Wells Fargo raised their price target on the shares to $74-$76 from $60-$63. On January 4, Credit Suisse raised their price target to $86 from $71. The stock has had an impressive run since Q4 numbers were released, climbing roughly 15% and touching a recent 52-week high of $77.39.